User Account

All Pages

What amount did C receive in the third installment of cash

Assignment Help Accounting Basics
Reference no: EM132571961

Question - After incurring losses resulting from very unprofitable operation, the Alphabets Partnership decided to liquidate when the partners' capital balances were:

A, capital (40%) P 80,000

B, capital (40%) 130,000

C, capital (20%) 96,000

The non-cash assets were sold in installment. Available cash were distributed to partners in every sale of non-cash assets. After the second sale of non-cash assets, the partners received the same amount of cash in the distribution. And from the third sale of non-cash assets, cash available for distribution amounts to P28,000, and non-cash assets has a book value of P12,500. Using cash priority program, what amount did C receive in the third installment of cash?

Reference no: EM132571961

Questions Cloud

What data would be necessary to make a change in practice : Describe how epidemiological data influences changes in health practices. Provide an example and explain what data would be necessary to make a change.
How is the distribution treated by the shareholder : The shareholder's tax basis in his stock in Longhorn is $165,000. How is the distribution treated by the shareholder in 20X3
Describe appropriate treatment options for patients : Create an evidence table based on the article summaries in Part III. Describe appropriate treatment options for patients based on this evidence table.
Determine what are special-purpose financial statements : Determine What are special-purpose financial statements and how are they different from general-purpose financial statements?
What amount did C receive in the third installment of cash : After the second sale of non-cash assets, the partners received the same amount of cash in the distribution. What amount did C receive in the third installment
Explain in details toyota best-cost provider strategy : Please explain in details Toyota's Best-Cost Provider Strategy that refer to porter 5 generic competitive strategies for Its Lexus Line
Explain operation management role in business : Explain operation management's role in business today. Define operations management.
Why giant was able to offer price for period of time : What are the likely reasons why Giant was able to offer this price for this period of time, while Mosquito could not? Who are the stakeholders in this case?
Product abuse and deviant behavior : Product abuse and deviant behavior, and consumers may reveal harmful or illegal behavior to the researcher.

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