- 16 Andres Tomas And Moises Are Partners Of Atm Partnership They Decided To Liquidate On March 31 Of The Current Year 1 (248.37 KiB) Viewed 75 times
- 16 Andres Tomas And Moises Are Partners Of Atm Partnership They Decided To Liquidate On March 31 Of The Current Year 2 (360.87 KiB) Viewed 75 times
- 16 Andres Tomas And Moises Are Partners Of Atm Partnership They Decided To Liquidate On March 31 Of The Current Year 3 (338.52 KiB) Viewed 75 times
16 Andres, Tomas and Moises are partners of ATM partnership. They decided to liquidate on March 31 of the current year. On this date, they have non- cash assets of P530,000 and liabilities of P250, 000, including loan payable to Moises of P50,000. Andres, Tomas and Moises have capital balances of P80,000, P130,000 and P90,000, respectively. Profits and loss are shared 3:3:4 for Andres, Tomas and Moises. All partners are solvent. Assuming the non-cash assets are sold 25% more than its book value, how much did Tomas receive in the final distribution of cash? D 12 Points) Enter your answer
Andres, Tomas and Moises are partners of ATM partnership. They decided to liquidate on March 31 of the current year. On this date, they have non- cash assets of P530,000 and liabilities of P250. 000, including loan payable to Moises of P50,000. Andres, Tomas and Moises have capital balances of P80,000, P130,000 and 290,000, respectively. Profits and loss are shared 3:3:4 for Andres, Tomas and Moises. All partners are solvent. Assuming the non-cash assets are sold 25% more than its book value how much did Moises receive in the final distribution of cash? I (2 points) I Enter your answer
18 Andres, Tomas and Moises are partners of ATM partnership. They decided to liquidate on March 31 of the current year. On this date, they have non- cash assets of P530,000 and liabilities of P250.000, including loan payable to Moises of P50,000. Andres Tomas and Moises have capital balances of 180.000 130.000 and 290,000 respectively. Profits and loss are sharest 4 for Andres Tomas and Moises. All partners are solvent Assuming the non-cash assets are sold at their book value, how much is total cash distributed to partners in settlement of their capital interest? 12 Points