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Compute the total amount of the partnership non-cash asset

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Q1. If the partnership's cash is 25,000, the net assets are 250,000, and the total claim of outside creditors is 200,000, compute the total amount of the partnership's non-cash assets?

a. 525,000

b. 275,000

c. 425,000

d. 325,000

Q2. Aaron, Amos, and Adam are to contribute cash at an agreed capital contribution of 1/5; 3/10 and 1/2 respectively. Amos contributed 45,000 cash. Compute the amount of Aaron and Adam's contribution?

a. 27,000 and 75,000 respectively

b. 27,000 and 67,500 respectively

c. 50,000 and 75,000 respectively

d. 30,000 and 75,000 respectively

Reference no: EM132746159

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