Dancey,Reese,Newman,and Jahn Were Partners Who Shared Profits and Losses on a 4:2:2:2

Dancey,Reese,Newman,and Jahn were partners who shared profits and losses on a 4:2:2:2 basis,respectively.They were beginning to liquidate their business.At the start of the process,capital balances were as follows:
Which one of the following statements is true?

A) The first available $16,000 would go to Newman.
B) The first available $16,000 would go to Dancey.
C) The first available $8,000 would go to Jahn.
D) The first available $8,000 would go to Reese.
E) The first available $4,000 would go to Jahn.

Correct Answer:

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