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please answer all the questions immediately thankyou How much is the total partnership capital after elimination of the capital deficiencies of any of the partners?
please answer all the questions immediately thankyou
How much is the total partnership capital after elimination of the capital deficiencies of any of the partners? (2 Points) LOn December 31, 2019, ACT Partoership decided to liquidate its business. On this date, Ac and T have capital balances of P 300.000. P 250.000, P 120,000 and share profits and losses in the rato of 5:2-3. Below it shows the personal assets and personal liabilities of each partners A-personal assets = P 100.000 : personal liabanties =P 50,000 C-personal assis= P 50.000 : personal liabilities = P 50,000 T-- personal assets = 1 50,000: personal liabilitzes P75,000 Belore liquidation, the partnership has total abilities of P30, DDO wich indudes a payable of P 30,000 te T and the non-cash act, has a book value of P 750,000. The amount of preceeds received from the lieudalien of assets is P 300,000 which s already meet of Tition PREDNOSTI Enter Your Buswer 27 Andres, Tomas and Moises are partners of ATM partnership. They decided to liquidate on March 31 of the current year. On this date, they have non- cash assets of P530,000 and fiabilities of P250, 000, including loan payable to Moises of P50,000. Andres, Tomas and Moises have capital balances of P80,000, P130,000 and P90,000, respectively. Profits and loss are shared 3:3:4 for Andres, Tomas and Moises. All partners are solvent. Determine the total loss on realization if Moises received P25,000 in final settlement. La (2 Points) Enter your answer h 28 Andres, Tomas and Moises are partners of ATM partnership. They decided to liquidate on March 31 of the current year. On this date they have non- cash assets of p530,000 and liabilities of P250,000, including loan payable to Moises of P50,000. Andres Tomas and Moises have capital balances of P80,000, P130 000 and P90 000, respectively. Profits and loss are shared 3:3:4 for Andres, Tomas and Moises. All partners are solvent. if Moises received P25,000 in final settlement, how much did Andres receive in the final distribution of cash? 12 Points) yourStep by Step Solution
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