- 7 If The Cash Balance After Realization Is 15096 Of The Increase In The Cash Balance Due To The Realization Of Non Cash 1 (263.96 KiB) Viewed 32 times
- 7 If The Cash Balance After Realization Is 15096 Of The Increase In The Cash Balance Due To The Realization Of Non Cash 2 (131.74 KiB) Viewed 32 times
7 If the cash balance after realization is 15096 of the increase in the cash balance due to the realization of non-cash assets, how much is cash is distributed to E in final settlement of his interest? 2 Points) D. On July 31,2019, DEF partnership shows that D, E and F have capital balances of 500.000, 300.000 and 200,000 with profit or loss ratio of 1:3:6. The total partnership capital after realization of non-cash assets increased by P 200,000. Before liquidation, the partnership has P 150,000 of total liabilities. From the total partnership labeities. It includes a payable to f of P30,000. All partners are personally solvent. Enter your answe
How much is did E receive in final settlement of his capital interest? (2 points) The partnership of E, M and P has been suffering financial difficulty. Partners decided to liquidate. The condensed statement of financial position of E, M and P on this date is as follows: E, M and P Partnership Statement of financial position December 31, 2019 Assets Liabilities & Capital Cash P 20,000 Accounts payable P 40,000 Other assets 340,000 E, Capital 152,000 M, Capital 88,000 P, Capital 80,000 Total assets P 360,000 P 360,000 Total Liabilities & Capital The profit and loss ratio are: 6, 20%, M, 30% and P, 50%. The non-cash assets were sold for p 100,000. Any deficient partner is insolvent, while others are solvent.