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Could someone help me with 18-20? Thank you! Balances of . the partners' capital accounts . Ratio of the capital contributions by the partners. satisfied,

image text in transcribedCould someone help me with 18-20? Thank you!
Balances of . the partners' capital accounts . Ratio of the capital contributions by the partners. satisfied, but before the final cash distribution, should be according to a. the partners' relative profit and loss sharing ratios. b. the final balances in partners capital accounts. 14. In accounting for a partnership liquidation, cash payments to partners after all creditors' claims have been the partners' relative share of gain or loss on liquidation. d. safe payments computations. 15. Partners ABC share profits and losses in the following ratio 3:2:2. In liquidation, partner C experiences a negative capital account and is personally insolvent. Subsequently the business recognizes losses. How will these subsequent losses be allocated to partner A? a, 60% b. 42.8% c.50% d, 40% Use the following information to answer the next 2 questions Partners LMN share profits and losses 2:2:6 respectively, and have the following capital $100,000 75,000 240,000 16. What are the loss absorption ratios of partners M and N? a. S500,000 b. $20,000 c. S15,000 d. $375,000 $400,000 S140,000 $140,000 $400,000 17. Which partner is most vulnerable to losses incurred during liquidation? . Land M equally b. M Use the following information to answer the next 2 questions. The partners of Katz and Besthoff partnersh ip decided to liquidate the company at December 31, 2018. At that time the partnership had cash of $20,000, other assets of $430,000 and liabilities of $70,000. 18. What were net assets of the partnership? a. $380,000 b. $520,000 $360,000 d. $480,000 19. If all the other assets were sold for $300,000, how much cash is available to distribute to the partners? a. $130,000 b. $150,000 . c.$250,000 d. $300,000 20. If a partnership agreement is silent as to how losses should be allocated, the Uniform Partnership Act specifies that losses should be allocated a. equally c, according to capital account balances. b. according to loss absorption ratios. d. in the same proportions as gains

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