A local dental partnership has been liquidated and the final capital balances are           Atkinson, capital (40% of all profits and losses) $ 84,000   Kaporale, capital (30%)   44,000   Dennsmore, capital (20%)   (60,000 ) Rasputin, capital (10%)   (68,000 )     If Rasputin contributes cash of $19,500 to the partnership, how would this amount be distributed to the other partners? (Round your intermediate calculations to the nearest whole dollar.)

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 48P
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A local dental partnership has been liquidated and the final capital balances are

 

       
Atkinson, capital (40% of all profits and losses) $ 84,000  
Kaporale, capital (30%)   44,000  
Dennsmore, capital (20%)   (60,000 )
Rasputin, capital (10%)   (68,000 )
 

 

If Rasputin contributes cash of $19,500 to the partnership, how would this amount be distributed to the other partners? (Round your intermediate calculations to the nearest whole dollar.)

 

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