if the cash available for distribution amounted to P75,000, Joker will receive? if Heart were to receive P12,500, total cash available would have been? how much should be the minimum cash available before the profit and loss ratio will be used in the distribution of cash to partners?
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- The partners Aces, Hearts, Cloves and Joker share profit and loss equally. Capital balances before liquidation amounted to P75,000. P100,000, P125,000 and P50,000 respectively. Partner Hearts' Due to partnership amounted to P15,000 and Loan Payable to Joker amounting to P10,000. a cash priority program would show that the loss absorption potential for Joker would amount to? if the cash available for distribution amounted to P75,000. Aces will receive?The partners Aces, Hearts, Cloves and Joker share profit and loss equally. Capital balances before liquidation amounted to P75,000. P100,000, P125,000 and P50,000 respectively. Partner Hearts' Due to partnership amounted to P15,000 and Loan Payable to Joker amounting to P10,000. if the cash available for distribution amounted to P75,000, Hearts will receiveif the cash available for distribution amounted to P75,000, Clover will receive if the cash available for distribution amounted to P75,000, Hearts will receiveThe partners Aces, Hearts, Cloves and Joker share profit and loss equally. Capital balances before liquidation amounted to P75,000. P100,000, P125,000 and P50,000 respectively. Partner Hearts' Due to partnership amounted to P15,000 and Loan Payable to Joker amounting to P10,000. A cash priority program would show that the loss absorption potential for Aces would amount to: a cash priority program would show that the loss absorption potential for Hearts would amount to? a cash priority program would show that the loss absorption potential for Cloves would amount?
- The partners Aces, Hearts, Cloves and Joker share profit and loss equally. Capital balances before liquidation amounted to P75,000, P100,000, P125,000 and P50,000 respectively. Partner Hearts’ Due to partnership amounted to P15,000 and Loan Payable to Joker amounting to P10,000. A cash priority program would show that the loss absorption potential for Aces would amount to: a cash priority program would show that the loss absorption potential for Hearts would amount to: a cash priority program would show that the loss absorption potential for Cloves would amount to: a cash priority program would show that the loss absorption potential for Joker would amount to: if the cash available for distribution amounted to P75,000, Aces will receive if the cash available for distribution amounted to P75,000, Hearts will receive if the cash available for distribution amounted to P75,000, Clover will receive if the cash available for distribution amounted to P75,000, Joker will receive if Heart…Moose, Booze and Goose are partners with capital balances of P 320,000, P 450,000 and P 520,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The firm owes Booze P 20,000. Upon liquidation, P 390,000 is available for distribution to the partners. What amount of cash will Moose receive? a. P78,000 b. P136,000 c. P258,000 d. P320,000 Please provide a good accounting form for the solution. Thank you!Moose, Booze and Goose are partners with capital balances of P 320,000, P 450,000 and P 520,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The firm owes Booze P 20,000. Upon liquidation, P 390,000 is available for distribution to the partners. What amount of cash will Moose receive? a. P78,000 b. P136,000 c. P258,000 d. P320,000
- Lebron and Wade, partners who share profits and losses equally decided to liquidate their partnership by installment. The statement of financial position showed Cash – P 35,000; P Liabilities – P 20,000; Lebron, Capital – P71,000; and Wade, Capital – P 54,000. Liquidation expenses amounted to P 10,000. How much cash can be distributed safely toeach partner at this point?Before liquidation, the following is the financial position of the partnership W, X, Y and Z: W, capital 275,000 W, loan 50,000 X, capital 225,000 Y, capital 257,500 Z, capital 342,500 P&L ratio is 4:3:2:1, respectively. 300,000 was received from certain assets are sold and are distributed to partners. What cash amount should Z receive? a. 300,000 b. 0 c. 135,834 d. 166,166The balance sheet of Maroon and White was as follows immediately prior to the partnership's being liquidated: cash, P20,000; other assets, P160,000; liabilities, P40,000; Maroon capital, P60,000; White capital, P80,000. The other assets were sold for P139,000. Maroon and White share profits and losses in a 2:1 ratio. As a final cash distribution from the liquidation, how much cash will Maroon receive? Prepare a statement of liquidation.
- ABC partnership has assets of cash of P5,000 and equipment worth P80,000. All liabilities have been paid and the partners are all insolvent. The partners' capital accounts are as follows A P40,000, B P30,000, and C 15,000. The partners share profits and losses 4:4:2. If the equipment is sold for P50,000, how much cash will C receive in the final settlement?The financial position of the partnership Marie, Shey, Allan and Roi, just prior to liquidation shows: Marie, Loan 25,000 Marie, Capital 137,500 Shey, capital 128,750 Allan, capital 171,250 Roi, Capital 112,500 The partners share profits and losses on a 4:3:2:1 ratio, respectively. Certain assets are sold for P150,000 and is distributed to partners. How much cash should Allan receive? a. 0 b. 50,000 c. 67,917 d. 82,083Moose, Booze and Goose are partners with capital balances of P 320,000, P 450,000 and P 520,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The firm owes Booze P 20,000. Upon liquidation, P 390,000 is available for distribution to the partners. What amount of cash will Moose receive? * P78,000 O P136,000 P258,000 P320,000