The balance sheet below is presented below. X, Y, and Z share profits at a ratio...

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The balance sheet below is presented below. X, Y, and Z share profits at a ratio of 30%, 20%, 50% Created in April 2000 when allies started their liquidation. Cash $90,000 Liabilities $40,000 Inventory $60,000 Payable to Y $5,000 Accounts receivable $40,000 Capital X $40,000 Net fixed assets $150,000 Capital Y $150,000 Receivable X $5,000 Сapital Z $110,000 Total Aktiva $345,000 Total Passiva $345,000 If the available cash except for the contingent fund $3.000 is distributed immediately how much will each partner get? You can use a schedule or Liquidation report for this question. The balance sheet below is presented below. X, Y, and Z share profits at a ratio of 30%, 20%, 50% Created in April 2000 when allies started their liquidation. Cash $90,000 Liabilities $40,000 Inventory $60,000 Payable to Y $5,000 Accounts receivable $40,000 Capital X $40,000 Net fixed assets $150,000 Capital Y $150,000 Receivable X $5,000 Сapital Z $110,000 Total Aktiva $345,000 Total Passiva $345,000 If the available cash except for the contingent fund $3.000 is distributed immediately how much will each partner get? You can use a schedule or Liquidation report for this question.

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In partnership dissolution cash is distributed according to the ratio of ca... View the full answer