consider the following questions ASSETS cash 15,000 noncash assets 95,000 receivable from harry 5,000 loan to hermione 4,000 total assets 119,000 LIABILITIES AND EQUITY loan from ron 6,000 liabilities 20,000 harry capital (15 ) 33,000 ron capital (55 ) 25,000 hermione cpaital (30 ) 35,000 total liabilities and equity 119,000 if 40,000 of the BV of the noncash assets were sold for 18,000, additional liquidation expenses of 2,500 are incurred and paid, cash withheld if 5,400 and all of the outside creditors are paid, how much is the total cash paid to partners during the first installment based from 1, how much is the capital balance of harry after the first installment based from 1, how much was paid to ron during the first installment, the following data are relevant 56,000 of the bv of the noncash assets are sold for 38,000, additional liquidation expenses of 12,000 are incurred and paid, all of the outside creditors are also paid if harry received 11,000 during the first installment, how much is the total cash paid to partners during the first installment during the first installment, the following data are relevant 56,000 of the bv of the noncash assets are sold for 38,000, additional liquidation expenses of 12,000 are incurred and paid, all of the outside creditors are also paid if harry received 11,000 during the first installment, 1 how much is the total cash paid to partners during the first installment based from 4 or 5, 1 how much is the cash withheld

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Posted on Jun 25, 2024

consider the following questions: ASSETS cash 15,000; noncash assets 95,000; receivable from harry 5,000; loan to hermione 4,000; total assets 119,000 LIABILITIES AND EQUITY loan

consider the following questions:

ASSETS cash 15,000; noncash assets 95,000; receivable from harry 5,000; loan to hermione 4,000; total assets 119,000

LIABILITIES AND EQUITY loan from ron 6,000; liabilities 20,000; harry capital (15%) 33,000; ron capital (55%) 25,000; hermione cpaital (30%) 35,000; total liabilities and equity 119,000

if 40,000 of the BV of the noncash assets were sold for 18,000, additional liquidation expenses of 2,500 are incurred and paid, cash withheld if 5,400 and all of the outside creditors are paid, how much is the total cash paid to partners during the first installment?
based from #1, how much is the capital balance of harry after the first installment?
based from #1, how much was paid to ron ?
during the first installment, the following data are relevant: 56,000 of the bv of the noncash assets are sold for 38,000, additional liquidation expenses of 12,000 are incurred and paid, all of the outside creditors are also paid. if harry received 11,000 during the first installment, how much is the total cash paid to partners during the first installment?
during the first installment, the following data are relevant: 56,000 of the bv of the noncash assets are sold for 38,000, additional liquidation expenses of 12,000 are incurred and paid, all of the outside creditors are also paid. if harry received 11,000 during the first installment, 1. how much is the total cash paid to partners during the first installment?
based from #4 or 5, 1. how much is the cash withheld?