Answer:
Brady will receive $850,000
Carson will receive $250,000
Addie will receive $100,000
Creditors will receive $300,000
Explanation:
The partnership is being dissolved and $1,500,000 will be distributed as follows:
$300,000 to pay debts to creditors
$450,000 to pay for Brady's loan
$300,000 for Brady's initial contribution
<u>$150,000 for Carson's initial contribution</u>
$300,000 are left to be divided equally between the three partners:
- Brady will receive: $450,000 + $300,000 + $100,000 = $850,000
- Carson will receive: $150,000 + $100,000 = $250,000
- Addie will receive $100,000
