The partners of CS Company have decided to liquidate their business. Noncash assets were sold for $125,000.
Question:
The partners of CS Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income ratios of the partners Arabella, Dufflepud, and Davies are 3 : 2 : 3, respectively. Complete the following schedule of cash payments for CS Company.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (20 reviews)
ANSWER The schedule of cash payments for CS Company Item Amount Balances before liquidation Cash 150...View the full answer
Answered By
Churchil Mino
I have been a tutor for 2 years and have experience working with students of all ages and abilities. I am comfortable working with students one-on-one or in small groups, and am able to adapt my teaching style to meet the needs of each individual. I am patient and supportive, and my goal is to help my students succeed.
I have a strong background in math and science, and have tutored students in these subjects at all levels, from elementary school to college. I have also helped students prepare for standardized tests such as the SAT and ACT. In addition to academic tutoring, I have also worked as a swim coach and a camp counselor, and have experience working with children with special needs.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Business questions
-
The partners of LR Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income ratios of the partners Cisneros, Gunselman, and Forren are 3:2:3, respectively....
-
The partners of Clash Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income ratios of the partners M. Jones, J. Strummer, and P. Simonon are 3:2:3,...
-
The partners of Pharoah Company have decided to liquidate their business. Noncash assets were sold for $124,900. The income ratios of the partners Cisneros, Gunselman, and Forren are 3:2:3,...
-
In Exercises 1126, determine whether each equation defines y as a function of x. 4x = y 2
-
In about 400 words, describe the similarities and differences between XML and HTML. Provide examples of at least two situations in which you would use XML and two situations in which you would use...
-
Benzene gas (C 6 H 6 ) is burned with 90 percent theoretical air during a steady-flow combustion process. The mole fraction of the CO in the products is (a) 1.7% (b) 2.3% (c) 3.6% (d) 4.4% (e) 14.3%
-
The 50-lb weight is falling \(3 \mathrm{ft} / \mathrm{s}\) at the instant it is \(2 \mathrm{ft}\) above the spring and post assembly. Determine the maximum stress in the post if the spring has a...
-
Poco Company purchased 80% of Solo Companys common stock on January 1, 2010, for $250,000. On December 31, 2010, the companies prepared the following trial balances: Required: Prepare a consolidated...
-
1. Why did Coca-Cola enter into a strategic alliance with Monster? Note: Theme Name, ex. The power brand, Product Market profit, etc. Theme Name. Provide a detailed discussion of the anticipated...
-
The inductor of figure has the following dimensions: a = h = w = 1.5cm b = 2cm g = 0.2cm The winding factor (i.e., the fraction of the total winding area occupied by conductor) is fw = 0.55. The...
-
Villa America Company reported net income of $85,000. The partnership agreement provides for salaries of $25,000 to Kibra and $18,000 to Devrish. They divide the remainder 40% to Kibra and 60% to...
-
Granger Company wishes to liquidate the firm by distributing the companys cash to the three partners. Prior to the distribution of cash, the companys balances are: Cash $66,000; Moffit, Capital (Cr.)...
-
In the sequential game shown in Figure 9P-4, what choice should Player A make now to achieve the highest payoff at the end of the game? Result Strategy 3B:8 A: 5 Strategy 1 Player B B: 6 Strategy 4A...
-
What are the sociological factors contributing to environmental degradation and climate change, and how do social movements and public policies address the need for sustainability and environmental...
-
Consider the linear system 3x +-14 3x+5y = 755 6 Write an equivalent system with integer coefficients.
-
Solve: Answer: x + 5 < 2(x 2) + 5
-
what extent do social determinants such as socioeconomic status, race, and gender impact health outcomes, and how do healthcare systems address or exacerbate health disparities among different social...
-
Simplify. 3 27w x4 36wx4
-
Heat in the amount of 150 kJ is transferred directly from a hot reservoir at TH = 550 K to two cooler reservoirs at T1 = 350 K and 7> = 250 K. The surroundings temperature is T( = 300 K. If the heal...
-
l ask this second time correnct answer is 38,01 can we look pls Consider a non-conducting rod of length 8.8 m having a uniform charge density 4.5 nC/m. Find the electric potential at P, a...
-
Trek Company has the following production data for April: units transferred out 40,000, and ending work in process 5,000 units that are 100% complete for materials and 40% complete for conversion...
-
Trek Company has the following production data for April: units transferred out 40,000, and ending work in process 5,000 units that are 100% complete for materials and 40% complete for conversion...
-
Production costs chargeable to the Finishing Department in June in Cascio Company are materials $16,000, labor $29,500, overhead $18,000. Equivalent units of production are materials 20,000 and...
-
In the context of solid-liquid extraction, how do particle size distribution, porosity, and surface area of the solid matrix impact extraction kinetics and overall efficiency? Provide examples of...
-
Discuss the challenges and opportunities associated with the extraction of bioactive compounds from natural sources using environmentally benign solvents and green extraction techniques, such as...
-
The driver of a car traveling at 31.9 m/s applies the brakes and undergoes a constant deceleration of 1.12 m/s 2 . How many revolutions does each tire make before the car comes to a stop, assuming...
Study smarter with the SolutionInn App