7. The condensed statement of financial position of Remie, Sheena and Takera just before liquidation shows the following: Assets 20,000 abilities 50,000 Remie, Loan Remie, Capital Sheena, Capital Takera, Capital 10,000 22,000 30,000 8,000 Remie, Sheena, and Takera share profits 5:3:2, respectively. Certain assets are sold for 80,000. Creditors are paid in full, partners are paid 20,000, and cash of 0,000 is withheld pending future developments. The amount of cash each should receive is? Capital and loan balances for Arthur, Bender and Carl who share profits 2:2:1, respectively, just before liquidation are as follows: 8. Arthur, Loan Arthur, Capital Bender, Loan Bender, Capital Carl, Loan Carl, Capital 10,000 15,000 5,000 30,000 10,000 10,000 Assuming that cash of P12,000 is available as a first distribution to partners, how much cash is to be distributed to Carl? 5, 667 9. On June 11, 2018, Mark, Noah and Odie formed a partnership, investing cash of 15,000, 13,500, and 4,200 respectively. The partners share profits 3:2:2, and on August 31, 2018, they have cash of 1,000 and other assets of 47,500; liabilities are 25,600. On this date they decided to go out of business and sell all the assets for 30,000. Odie has personal assets of 1,500 that may, if necessary, be used to meet partnership obligations. How much should be distributed to Noah upon liquidation of the partnership? 10. Partners Archer, Bundy and Cesar share profits and losses in the ratio of 5:3:2. At the end of a very unprofitable year, they decided to liquidate the firm. The partners' capital account balances at this time re as follows: Archer 22,000 Bundy24,900 Cesar 15,000 The liabilities accumulate to 30,000, including a loan of 10,000 from Archer. The cash balance is 6,000. All the partners are personally solvent. The partners plan to sell the assets in installment. If Bundy received 2,000 from the first distribution of cash, how much did Archer receive at that time? If Cesar received 6,200 on the first installment of cash, how much did Bundy receive at the time