User Account

All Pages

How much cash b receive in first cash distribution for abc

Assignment Help Accounting Basics
Reference no: EM132805737

ABC Co. is undergoing liquidation. Information before the start of the liquidation process is as follows:

Cash 10,000                             Accounts payable 80,000

Accounts receivable 80,000       Payable to B 20,000

Receivable from A 10,000       A, Capital (50%) 250,000

Inventory 180,000               B, Capital (30%) 150,000

Equipment, net 320,000        C, Capital (20%) 100,000

Total 600,000              Total Liab. & Equity 600,000

Problem 1: The total cash distributed to the partners after the first and second sales of noncash assets were $12,000 and $30,000, respectively. How much cash did B receive in the first cash distribution?

Reference no: EM132805737

Questions Cloud

Should purchase the new piece of equipment : Should they purchase the new piece of equipment? Why? The machine can be sold at the end of the year four for $25,000. Assume a discount of 8%.
Find how much was carrying amount of non-cash assets : Find How much was the carrying amount of the non-cash assets? Before liquidation, the partnership had $80,000 cash and $120,000 liabilities.
Review your states professional development system : You should now have a better understanding of early childhood professional development systems. Let's use that knowledge to identify how a professional.
Identify the different potential job titles : Identify 5 different potential job titles. Include education and experience requirements as well as any requirements specific to your state that might be.
How much cash b receive in first cash distribution for abc : Determine How much cash did B receive in the first cash distribution? The total cash distributed to the partners after the first and second sales
Establish the steps for student differentiation : Create a 2-column chart to analyze both qualitative and quantitative data to determine student progress and establish next steps for student differentiation.
What is the message that apple wants to send : What is the message that Apple wants to send to its customers and What kind of emotions does this video evoke in you? Explain what you felt and why
Discuss the desired long-term outcome of the proposed change : Discuss the desired long-term outcome of the proposed change. Discuss personal attributes of leadership that will contribute to the success of your proposal.
Find how much did b receive from the settlement of interest : Accounts payable 120,000.A, Capital (20%) 400,000. How much did B receive from the settlement of his interest in the partnership?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd