Chapter 12 1 EX 12.03 EXCEL ALGO eBook Show Me How Ofice 365 Calculator Distribution of cash upon liquidation Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership Prior to realization, their capital balances are $6,000 and $4,000, respectively. Aner i nocash assets are sold and all bites are paid, there is a cash balance of $8,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below 2 EX 12 18 EXCEL ALGO 3. EX 1208 BLANKSHEETAL... 4. PE 12.03A BLANKSHEET 5. EX 1201 BLANKSHEETAL... Open spreadsheet 6. PE 12 01A BLANKSHEET a. What is the amount of again or loss on retration? 7. PE 12 DLA 8. PE 1204B b. How should the gain or losse vided between Hewitt and Patel Hewitt 9. EX 12 10 BLANKSHEETAL.. 10 PR 12 03 BLANKSHEETA How should the can be divided between Hewitt and Pate an amounts, entero Hewitt and Patel Distribution of Cash Hewitt Pated eBook Calculator Show Me How Office 365 Chapter 12 L. EX 12.03. EXCEL ALGO Open spreadsheet a. What is the amount of a gain or loss on realization? 2. EX 12.18 EXCEL ALGO 3. EX 12.08. BLANKSHEETAL... 4. PE 12.03A BLANKSHEET 5. EX 12.01. BLANKSHEETAL... b. How should the gain or loss be divided between Hewitt and Patel? Hewitt 6. PE 12 01A BLANKSHEET Patel 7. PE.12.04A C. How should the cash be divided between Hewitt and Patel? If an amount is zero, enter "o". Hewitt and Patel Distribution of Cash 8. PE 12.04B Hewitt 9. EX 12.10 BLANKSHEET AL... Patel 10. PR 12.03.BLANKSHEETA... Capital balances before realization Division of gain or loss on realization 5 Balances $ $ $ Cash distributed to partners $ $ Final balances Progress 2010 Check My Wor