Following is a series of independent cases. In each situation, indicate the cash distribution to be made to parthers at the end of the liquidation process. Uniess othenwise stated, assume that all solvent parthers mill relmburse the partnership for their deficit capital bulances: Part A The Buarque, Monte, and Vinicius partnership reports the following accounts. Vinicius is personally insolvent and can contribute only an additional $26,000 to the partnership. Part B Drawdy, Langston, and Pearl operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the portnership's property. The partners hove prepared the following balance sheet The firm sells the noncash assets for $137,000, it will use $32,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent. Drawdy, Langston, and Pearl operate a local accounting firm as a parthership. After working together for several years, they have Part C decided to liquidate the partnership's property. The parthers have prepared the following balance sheet: The firm sells the noncash assets for $137,000; it will use $23,000 of this amount to pay liquidation expenses. All thee of these partners are personally insolvent. Assume that the profits and losses are split 2:4:4 to Drawdy, Langston, and Peari, respectively, Fart Followingtheliquidationofallnoncashassets,thepartnershipofKrups,Lindau,Riedel,andSchneehasthefollowingaccount Part D balances, Krups is personally insolvent. Complete this question by entering your answers in the tabs below. Indicate the cash distribution to be made to partners at the end of the liquidation process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances. Following is a series of independent cases. In each situation, indicate the cash distribution to be made to parthers at the end of the liquidation process. Uniess othenwise stated, assume that all solvent parthers mill relmburse the partnership for their deficit capital bulances: Part A The Buarque, Monte, and Vinicius partnership reports the following accounts. Vinicius is personally insolvent and can contribute only an additional $26,000 to the partnership. Part B Drawdy, Langston, and Pearl operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the portnership's property. The partners hove prepared the following balance sheet The firm sells the noncash assets for $137,000, it will use $32,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent. Drawdy, Langston, and Pearl operate a local accounting firm as a parthership. After working together for several years, they have Part C decided to liquidate the partnership's property. The parthers have prepared the following balance sheet: The firm sells the noncash assets for $137,000; it will use $23,000 of this amount to pay liquidation expenses. All thee of these partners are personally insolvent. Assume that the profits and losses are split 2:4:4 to Drawdy, Langston, and Peari, respectively, Fart Followingtheliquidationofallnoncashassets,thepartnershipofKrups,Lindau,Riedel,andSchneehasthefollowingaccount Part D balances, Krups is personally insolvent. Complete this question by entering your answers in the tabs below. Indicate the cash distribution to be made to partners at the end of the liquidation process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances
