Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 26 Oct 2017 My Price 7.00

Cash Distribution Plan

Cash Distribution Plan

 

 

Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio of 2:3:5. When they decide to liquidate, the balance sheet is as follows:

 

 

 

 

 

Assets

 

 

Liabilities and Equities

 

 

Cash

 

 

40,000

 

 

Liabilites

 

 

50,000

 

 

Adams, Loan

 

 

10,000

 

 

Peters, Capital

 

 

75,000

 

 

Blake, Capital

 

 

70,000

 

 

    

Total Assets

 

 

250,000

 

 

Total Liabilities and Equities

 

 

250,000

 

 

 

 

 

Liquidation expenses are expected to be negligible. No interest accrues on loans with partners after termination of the business.

 

 

 

 

 

Required

 

 

Prepare a cash distribution plan for the APB Partnership.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 12:10 PM My Price 7.00

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