The Abrams,Bartle,and Creighton Partnership Began the Process of Liquidation with the Following

The Abrams,Bartle,and Creighton partnership began the process of liquidation with the following balance sheet:
Abrams,Bartle,and Creighton share profits and losses in a ratio of 3:2:5.Liquidation expenses are expected to be $12,000.
After the liquidation expenses of $12,000 had been paid and the noncash assets sold,Creighton had a deficit of $8,000.For what amount were the noncash assets sold?

A) $170,000.
B) $264,000.
C) $158,000.
D) $146,000.
E) $185,000.

Correct Answer:

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