1.Prior to liquidation, the partners' capital balances are reported as follows: ARIANA - Capital, 210,000, P&L Ratio, 1/4; GRANDE - Capital, 240,000, P&L Ratio, 3/4. The total liabilities of the partnership amount to 200,000, and all assets available are non-cash assets which were realized at 500,000. The cash distribution to partners would be:

A. Ariana -172,500; Grande -127,500

B. Ariana -140,000; Grande -160,000

C. Ariana -125,000; Grande -375,000

D. Ariana -135,000; Grande -165,000

2.The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: MAC: Capital - 33,000, Loans Payable -7,000, P&L Ratio - 2; DON: Capital - 42,000, P&L Ratio - 3; ALD: Capital - 95,000, Loans Receivable -15,000, P&L Ratio - 5. The second cash payment to any partner/s under program of priorities shall be made thus:

A. To Ald - 10,000

B. To Mac - 6,000

C. To Mac -4,000

D. To Mac -4,000 and Ald -10,000

3.Bea and Gerald are partners who has a capital of 90,000 each and share profits and losses equally. The offer is to admit Julia for one-third interest in the firm upon her investment of an amount equal to the agreed capital as a new partner. What is the partnership's agreed capital?

A. 180,000

B. 90,000

C. 135,000

D. 270.000

4.Alpha Gym allows services to be on account to loyal customers. The unadjusted Accounts Receivable at the end of the year amounts to 120,000 and unadjusted Allowance for doubtful accounts amounts to 5,000. Service revenue for the year amounted to 1,250,000. If Alpha Gym estimates 2% of revenue as bad debts, what is the net realizable value of the receivables which should be presented in the statement of financial position?

A. 120,000

B. 90,000

C. 95,000

D. 115,000