M, R and T decided to liquidate their partnership. Non-cash assets were sold for 64,000 and...

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M, R and T decided to liquidate their partnership. Non-cash assets were sold for 64,000 and all creditors were paid. Profit and loss ratios were and 30%, respectively. Balances in each capital account before and after the sale follow: 20%, 50%% Balances before the sale Balances after the sale M R T 24,000 13,600 31,000 16,400 (5,400) 19,600 Q9 How much was the loss on realization? Q10 Q11 How much was the carrying amount of the assets sold? How much is the total cash payment to the partners? Assume that R does not have a loan account and that R is insolvent but both M and T are solvent? L, A and B decided to dissolve their partnership on July 1, 2021. They have been dividing profits and losses in the ratio of 40%; 30% and 30%, respectively and their capital balances as of January 1, 2021 were as follows: L A B 150,000 180,000 60,000 The operations of the partnership for the period January 1 to June 30, 2021 resulted to a profit of P132,000. As of July 1, 2021, cash balance is 120,000 and liabilities are 270,000. Q12 How much is the total partnership assets as of July 1, 2021?792,000 How much is the non-cash assets as of July 1, 2021? Q13 For L to receive P120,000 in final settlement of her equity, the non- cash assets must be sold for how much? Q14 Q15 In relation to Q14, how much was the loss on realization? Q16 In relation to Q14, how much cash should A and B, received then, respectively? M, R and T decided to liquidate their partnership. Non-cash assets were sold for 64,000 and all creditors were paid. Profit and loss ratios were and 30%, respectively. Balances in each capital account before and after the sale follow: 20%, 50%% Balances before the sale Balances after the sale M R T 24,000 13,600 31,000 16,400 (5,400) 19,600 Q9 How much was the loss on realization? Q10 Q11 How much was the carrying amount of the assets sold? How much is the total cash payment to the partners? Assume that R does not have a loan account and that R is insolvent but both M and T are solvent? L, A and B decided to dissolve their partnership on July 1, 2021. They have been dividing profits and losses in the ratio of 40%; 30% and 30%, respectively and their capital balances as of January 1, 2021 were as follows: L A B 150,000 180,000 60,000 The operations of the partnership for the period January 1 to June 30, 2021 resulted to a profit of P132,000. As of July 1, 2021, cash balance is 120,000 and liabilities are 270,000. Q12 How much is the total partnership assets as of July 1, 2021?792,000 How much is the non-cash assets as of July 1, 2021? Q13 For L to receive P120,000 in final settlement of her equity, the non- cash assets must be sold for how much? Q14 Q15 In relation to Q14, how much was the loss on realization? Q16 In relation to Q14, how much cash should A and B, received then, respectively?