Question: PROBLEM 2 The ABC Partnership decided to terminate its affairs as of De balance sheet that was sheet that was prepared as of the date

PROBLEM 2 The ABC Partnership decided to terminate its affairs as of De balance sheet that was sheet that was prepared as of the date of termination Cash Receivables (net) Inventories Fixed Assets (net) $ 100,000 240,000 180.000 580.000 of December 31, 2018 The following information is taken from $ 80,000 580,000 360,000 Liabilities A, Capital (30%) B, Capital (20%) C, Capital (50%) 80.000 Total Liabilities Capital $1.100.000 +75% of the liabilities were paid at the first stage of Total Assets $1.100.000 Assume that 25% of the noncash assets were sold for $150.000 and that 75% of the abilities were liquidation Prepare a safe payment schedule showing cash distribution at this point

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