Prepare a schedule to show how the cash buted to the partners after creditors are painful Loss Absorption Potential Mat Assets Distribution Alle Dave Dave 100000 90000 76000 45000 27000 19000 76000 90000 9000 Dubbion to Reduce Los Potential 14000 76000 76000 76000 S6000 2.7000 19000 Cash Distribution Plan Order of Cash Distribution 1. First $18,000 Liabilities Matt 0.45 ueromsining partners would participate in cash distributions. Allen Dave 0.3 0.25 100 2. Next $13,500 100 3. Next $10,500 55 45 4. Remainder JO 25 Click if we wall Exercise 16-10 The trial balance for the MAD Partnership is as follows just before declaring bankruptcy. Matt Matt Allen Dave Cash Other Assets Liabilities Loan Capital Capital Capital $18,000 $100,000 - $18,000 $9,000 $45,000 $27,000 $19,000 Partders share profits in the ratio 45:30:25. Your answer is partially correct. Try again. Prepare a schedule to show how available cash would be distributed to the partners after creditors are paid in full. Loss Absorption Potential Matt Allen Dave Loss Absorption Potential 100000 90000 76000 Net Capital Interest Distribution to Reduce Loss Potential X - 24000 0 Balance after Distribution 76000 90000 76000 Distribution to Reduce Loss Potential - 14000 CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN Distribution to Reduce Loss Potential - 14000 76000 76000 76000 36000 Matt State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions Cash Distribution Plan Allen Order of Cash Distribution Liabilities Dave 0.45 0.3 0.25 1. First $18,000 100 0 0 2. Next $13,500 100 0 3. Next $10,500 55 45 4. Remainder 45 Click if you would like to Show Work for this questions Open Show Work 25 Mart Cash Other Assets Capital 513,000 $100,000 $18.000 $9.000 $45.000 27.000 Partners share profits in the ratio 45:30:25 Dave Capital $19,000 (a) Your answer is partially correct. Try again Prepare a schedule to show how available at would be distributed to the partners after creditors are painful An Artist Matt 100000 Dave 90000 76000 45000 27000 19000 24000 2000 90000 76000 9000 Dronto Rede Los Rental 14000 76000 76000 76000 36000 27000 19000 State which partner would receive the first cash and at what point and to what degree each of the remaining partners would pipate in cash distribution State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions. Cash Distribution Plan Order of Cash Distribution Liabilities Matt 0.45 Allen 0.3 Dave 0.25 1. First $18,000 100 0 2. Next $13,500 100 0 3. Next $10,500 55 0 45 4. Remainder 45 30 25 Click if you would like to Show Work for this question: Open Show Work Prepare a schedule to show how the cash buted to the partners after creditors are painful Loss Absorption Potential Mat Assets Distribution Alle Dave Dave 100000 90000 76000 45000 27000 19000 76000 90000 9000 Dubbion to Reduce Los Potential 14000 76000 76000 76000 S6000 2.7000 19000 Cash Distribution Plan Order of Cash Distribution 1. First $18,000 Liabilities Matt 0.45 ueromsining partners would participate in cash distributions. Allen Dave 0.3 0.25 100 2. Next $13,500 100 3. Next $10,500 55 45 4. Remainder JO 25 Click if we wall Exercise 16-10 The trial balance for the MAD Partnership is as follows just before declaring bankruptcy. Matt Matt Allen Dave Cash Other Assets Liabilities Loan Capital Capital Capital $18,000 $100,000 - $18,000 $9,000 $45,000 $27,000 $19,000 Partders share profits in the ratio 45:30:25. Your answer is partially correct. Try again. Prepare a schedule to show how available cash would be distributed to the partners after creditors are paid in full. Loss Absorption Potential Matt Allen Dave Loss Absorption Potential 100000 90000 76000 Net Capital Interest Distribution to Reduce Loss Potential X - 24000 0 Balance after Distribution 76000 90000 76000 Distribution to Reduce Loss Potential - 14000 CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN Distribution to Reduce Loss Potential - 14000 76000 76000 76000 36000 Matt State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions Cash Distribution Plan Allen Order of Cash Distribution Liabilities Dave 0.45 0.3 0.25 1. First $18,000 100 0 0 2. Next $13,500 100 0 3. Next $10,500 55 45 4. Remainder 45 Click if you would like to Show Work for this questions Open Show Work 25 Mart Cash Other Assets Capital 513,000 $100,000 $18.000 $9.000 $45.000 27.000 Partners share profits in the ratio 45:30:25 Dave Capital $19,000 (a) Your answer is partially correct. Try again Prepare a schedule to show how available at would be distributed to the partners after creditors are painful An Artist Matt 100000 Dave 90000 76000 45000 27000 19000 24000 2000 90000 76000 9000 Dronto Rede Los Rental 14000 76000 76000 76000 36000 27000 19000 State which partner would receive the first cash and at what point and to what degree each of the remaining partners would pipate in cash distribution State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions. Cash Distribution Plan Order of Cash Distribution Liabilities Matt 0.45 Allen 0.3 Dave 0.25 1. First $18,000 100 0 2. Next $13,500 100 0 3. Next $10,500 55 0 45 4. Remainder 45 30 25 Click if you would like to Show Work for this question: Open Show Work