Show all work please? Written out or excel would be appreciated! The partners of...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Show all work please? Written out or excel would be appreciated!
The partners of Dorothy, Kris & Brenda LLP decided to liquidate on August 1, 2016. The partners share profit and losses using ratios of 25%, 45%, and 30%, respectively. The balance sheet of the partnership is as follows: The disposal of other Assets with a carrying amount of $200,000 realized $140,000. Liquidation expenses are expected to total $6,000.and cash totaling the safe payments was distributed. Prepare a schedule computing the safe cash payments that can be made to each of the partners and in total (i.e., include a total column in your schedule). This is a table showing the attributes of a collection of items. Reconcile total safe payments from your schedule above to available cash less expected payments
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
