Professional Documents
Culture Documents
CH 16
CH 16
Chapter 16
Order of Payment
Understand installment
liquidations.
$$$
Priority Kemp
Liabilities Loan Duro Kemp Roth
Cash $60,000 — —
West, capital (30%) 18,000 $18,000 $21,000
York, capital (30%) 18,000 27,000 9,000
Zeff, capital (40%) 24,000 9,000 12,000