They Dancey. Reese, Newman, and Jahn were partners who shared profits and losses on a 4:2:2:2 basls, respectively. They were beginning to liquidate thelr business. At the start of the process, Capltal account balances were as follows: Boess Cepits cumtbalones Dancey, capital Reese, capital Newman, capital Jahn, capital $72,80e 32,886 52,888 24,888 Which one of the following statements Is true for a predistribution plan? Which one of the following statements is true for a predistribution plan? Multiple Cholce The first avallable $16,000 would go to Newman. The first avallable $20.000 would go to Dancey. The first avallable $8,000 would go to Jahn. The first avallable $8,000 would go to Newman The first avallable $4,000 would go to Jahn.
