- How Much Did Partner C Receive In The Final Settlement Of His Interest In The Partnership 2 Points E On December 31 1 (424.53 KiB) Viewed 155 times
- How Much Did Partner C Receive In The Final Settlement Of His Interest In The Partnership 2 Points E On December 31 2 (412.31 KiB) Viewed 155 times
- How Much Did Partner C Receive In The Final Settlement Of His Interest In The Partnership 2 Points E On December 31 3 (273.38 KiB) Viewed 155 times
How much did partner C receive in the final settlement of his interest in the partnership? (2 Points) E On December 31, 2019, ACT Partnershie decided to liquidate its business. On this date, A.Cand T have capital balances of P 300,000, P 250,000, P 120.000 and share profits and losses in the ratio of 5.2.3. Salow it shows the personal assets and personal liabilities of each partners: 4- personal assets =P 100.000 : perkenalkabeities=P 50.000 C-personel assets = P $0.00 : personal liabilities - P50.000 T-personal assets = $0.000 personal abilities = TS.000 Before liquidation, the partnership has latailabilities of p 330 000 which indudes a payable of P 30 000 to T and the non-cash assets has a book value of P 750,000. The amount of proceeds received tren the quidation of assets is P 300,000 which is already net of mandatin pinnat 2010 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 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 at their book value how much did Tomas receive in the final distribution of cash? 0 (2 Points) Enter your answer
If the cash balance after realization is 900% of the cash balance before realization of non-cash assets how much cash is to be distributed to F in settlement of his total interest in the partnership? 12 points) D. On July 31,2019. OEF partnership shows that D, E and Fhave capital balances of 500,000, 300,000 and 200,000 with profit or lass ratio of 1:36. The total partnership capital after realizabon af non-cash assets increased by P 200,000. Before liquidation, the partnership has P 150,000 of total liabilities from the total partnership liabilities, it indudes a payable to F of p 30.000 All partners are personally solvent. Enter your answer