3 Question 3 of 9 View Fu Show mor Current Aftet in Prope ( > Carla...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
3 Question 3 of 9 View Fu Show mor Current Aftet in Prope ( > Carla Vista Company at December 31 hash $20.00 blancs Floyd $43.500 and Dew $26.00 The frimis and Des are 60% and 40% respectively Proff the theme with her -15.000 15.000 Coopers Textbook and M your dated 110.000 $53.500 and the 30.000 in carceived for the cash a 12000 110000 ww 08/1 CARLA VISTA COMPANY Scho Cant A $10.000 Adapts of Labe Show Attempt History Current Attempt in Progress Your awer is partially come Carta Vita Company at December 31 has cash $20.400 noncash assets $105.000, Rubties $53.500 and the following capital balances Floyd $45.500 and DeWist $26.800. The fiuidatod, and $110.000 in cash is received for the noncash nets Floyd and DeWitt income ratios are 60% and 40%, respectively dance then enter with negative sign pending the number Prepare a schedule of cash payments if anased reduce the 15.000 or penthe (15000) F CARLA VISTA COMPANY Schedule of Cash Payments Textbook $105,000 101000 Media Using terwyour Zidane $53,500 13500 2679) Capital 145.100 3000 400 0000 4000 De C Atempt 2 of 3d 126,600 2000 TAPA 0 2400 2000 Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110.000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances Cash distribution to partners Final balances eTextbook and Media Cash $20,600 110000 130600 26750 77100 38550 0 CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets. $105,000 105000 0 0 0 0 O Liabilitie Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets $105,000 105000 0 0 0 0 0 Liabilities $53,500 0 $3500 26750 0 0 0 Floyd, Capital $45,500 3000 48500 0 48500 48500 DeWitt, Capital $26,600 2000 28600 0 28600 28600 O 3 Question 3 of 9 View Fu Show mor Current Aftet in Prope ( > Carla Vista Company at December 31 hash $20.00 blancs Floyd $43.500 and Dew $26.00 The frimis and Des are 60% and 40% respectively Proff the theme with her -15.000 15.000 Coopers Textbook and M your dated 110.000 $53.500 and the 30.000 in carceived for the cash a 12000 110000 ww 08/1 CARLA VISTA COMPANY Scho Cant A $10.000 Adapts of Labe 3 Question 3 of 9 View Fu Show mor Current Aftet in Prope ( > Carla Vista Company at December 31 hash $20.00 blancs Floyd $43.500 and Dew $26.00 The frimis and Des are 60% and 40% respectively Proff the theme with her -15.000 15.000 Coopers Textbook and M your dated 110.000 $53.500 and the 30.000 in carceived for the cash a 12000 110000 ww 08/1 CARLA VISTA COMPANY Scho Cant A $10.000 Adapts of Labe 3 Question 3 of 9 View Fu Show mor Current Aftet in Prope ( > Carla Vista Company at December 31 hash $20.00 blancs Floyd $43.500 and Dew $26.00 The frimis and Des are 60% and 40% respectively Proff the theme with her -15.000 15.000 Coopers Textbook and M your dated 110.000 $53.500 and the 30.000 in carceived for the cash a 12000 110000 ww 08/1 CARLA VISTA COMPANY Scho Cant A $10.000 Adapts of Labe Show Attempt History Current Attempt in Progress Your awer is partially come Carta Vita Company at December 31 has cash $20.400 noncash assets $105.000, Rubties $53.500 and the following capital balances Floyd $45.500 and DeWist $26.800. The fiuidatod, and $110.000 in cash is received for the noncash nets Floyd and DeWitt income ratios are 60% and 40%, respectively dance then enter with negative sign pending the number Prepare a schedule of cash payments if anased reduce the 15.000 or penthe (15000) F CARLA VISTA COMPANY Schedule of Cash Payments Textbook $105,000 101000 Media Using terwyour Zidane $53,500 13500 2679) Capital 145.100 3000 400 0000 4000 De C Atempt 2 of 3d 126,600 2000 TAPA 0 2400 2000 Show Attempt History Current Attempt in Progress Your awer is partially come Carta Vita Company at December 31 has cash $20.400 noncash assets $105.000, Rubties $53.500 and the following capital balances Floyd $45.500 and DeWist $26.800. The fiuidatod, and $110.000 in cash is received for the noncash nets Floyd and DeWitt income ratios are 60% and 40%, respectively dance then enter with negative sign pending the number Prepare a schedule of cash payments if anased reduce the 15.000 or penthe (15000) F CARLA VISTA COMPANY Schedule of Cash Payments Textbook $105,000 101000 Media Using terwyour Zidane $53,500 13500 2679) Capital 145.100 3000 400 0000 4000 De C Atempt 2 of 3d 126,600 2000 TAPA 0 2400 2000 Show Attempt History Current Attempt in Progress Your awer is partially come Carta Vita Company at December 31 has cash $20.400 noncash assets $105.000, Rubties $53.500 and the following capital balances Floyd $45.500 and DeWist $26.800. The fiuidatod, and $110.000 in cash is received for the noncash nets Floyd and DeWitt income ratios are 60% and 40%, respectively dance then enter with negative sign pending the number Prepare a schedule of cash payments if anased reduce the 15.000 or penthe (15000) F CARLA VISTA COMPANY Schedule of Cash Payments Textbook $105,000 101000 Media Using terwyour Zidane $53,500 13500 2679) Capital 145.100 3000 400 0000 4000 De C Atempt 2 of 3d 126,600 2000 TAPA 0 2400 2000 Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110.000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances Cash distribution to partners Final balances eTextbook and Media Cash $20,600 110000 130600 26750 77100 38550 0 CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets. $105,000 105000 0 0 0 0 O Liabilitie Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110.000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances Cash distribution to partners Final balances eTextbook and Media Cash $20,600 110000 130600 26750 77100 38550 0 CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets. $105,000 105000 0 0 0 0 O Liabilitie Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110.000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances Cash distribution to partners Final balances eTextbook and Media Cash $20,600 110000 130600 26750 77100 38550 0 CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets. $105,000 105000 0 0 0 0 O Liabilitie Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets $105,000 105000 0 0 0 0 0 Liabilities $53,500 0 $3500 26750 0 0 0 Floyd, Capital $45,500 3000 48500 0 48500 48500 DeWitt, Capital $26,600 2000 28600 0 28600 28600 O Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets $105,000 105000 0 0 0 0 0 Liabilities $53,500 0 $3500 26750 0 0 0 Floyd, Capital $45,500 3000 48500 0 48500 48500 DeWitt, Capital $26,600 2000 28600 0 28600 28600 O Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets $105,000 105000 0 0 0 0 0 Liabilities $53,500 0 $3500 26750 0 0 0 Floyd, Capital $45,500 3000 48500 0 48500 48500 DeWitt, Capital $26,600 2000 28600 0 28600 28600 O
Expert Answer:
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Posted Date:
Students also viewed these accounting questions
-
The management of a New York area investment firm wants to find out about the investment needs of its existing customers, for which it has an extensively detailed list, as a function of their...
-
Carlton Company reported the following information at the end of the year: Common stock ($ 1 par value; 500,000 shares outstanding) $500,000 Preferred stock, 8% ($10 par value; 21,000 shares...
-
What are the advantages of Notes Payable? Provide detailed answers.
-
Conventional financial accounting suggests that environmental permits should be measured by using the historical cost principle. One alternative is that current market prices should be used instead....
-
Firms often enter into transactions that are peripheral to their core operations but generate gains and losses that must be reported on the income statement. A gain labeled peripheral by one firm may...
-
Slick makes an initial year 0 investment of $10 million in inventories of plastic and steel for its blade plant. Then in year 1 it accumulates an additional $20 million of raw materials. The total...
-
Kleen Corp., a privately owned and operated single-stream recycling facility, has annual contracts with several cities in the Tri-County Metropolitan Area. Kleen Corp. wants to add a new set of...
-
5. Conceptual-ish m. For the electric field shown below, sketch three equipotential curves. 1LU n. Is the difference in electric potential greater between points a and b (AVab) or between points b...
-
5. Two resistors, 10 and 15 2 are connected in series. The voltage applied to the circuits is 70 V. Calculate: A. The total resistance B. Current through the 10 resistor C. Voltage through the 10 2...
-
How can an engineer solve the energy needs for a growing population? What strategies can be use? Nuclear Binding Energy 1. Calculate the mass defect and binding energy of lithium-7. The mass of...
-
Write a java program to display array elements in sorting order i.e descending order?
-
The year has passed and Ron has become used to being able to come to you with more and more complex finance and accounting questions about this Ukrainian Division. He has come into your office in the...
-
What is external bleeding and what are the three ways to manage the external bleeding?
-
2. Solving Exponential Functions: Solving exponential equations with bases which are powers of the same number: A. Write both sides of the equation as powers of the same base. B. Set the exponents...
-
What is the mode?
-
Pin Corporation purchased 960,000 shares of Sit Corporation's common stock (an 80 percent interest) for $21,200,000 on January 1, 2011. The $2,000,000 excess of investment fair value over book value...
-
1. [Preferred stock] Pin Corporation owns 20% of Sob Corporation's preferred stock and 80% of its common stock. Sob's stock outstanding on December 31, 2011, is as follows: 10% cumulative preferred...
-
Describe prepetition liabilities subject to compromise on the balance sheet of a company operating under Chapter 11 of the bankruptcy act.
-
Calculate the residual enthalpy and entropy for propane at \(312 \mathrm{~K}\) and \(2 \mathrm{MPa}\) using the van der Waals equation of state, given that \(a=0.877 \mathrm{~Pa}\left(\mathrm{~m}^{3}...
-
Using the generalized virial coefficient of correlation, estimate the residual enthalpy and entropy for ethylene at \(339.7 \mathrm{~K}\) and \(1 \mathrm{bar}\), given that \(T_{\mathrm{C}}=283...
-
Derive an expression to calculate the change in enthalpy and entropy of a real gas obeying the following equation of state along an isothermal path between the initial and final pressures \(P_{1}\)...
Study smarter with the SolutionInn App