Q9 through Q13. From the records of the DTA Partnership, answer question 17 to 21.

DTA Partnership

Statement of Financial Position

December 31, 2015

Assets

Cash2,000

Other Non-Cash Assets28,000

Total30,000

Liabilities and Capital

Liabilities5,000

De Mesa, Loan2,500

De Mesa, Capital12,500

Tudtud, Capital7,000

Apostol, Capital3,000

Total30,000

Profit and loss ratio is 3:2:1 for De Mesa, Tudtud and Apostol, respectively.Cash is distributed as assets are realized.Other assets were realized as follows:

DateCash ReceivedBook Value

January 20156,0009,000

February 20153,5007,700

March 201512,50011,300

Q9.The total loss to De Mesa is:

a.3,000

b.2,000

c.1,000

d.0

Q10.Total cash received by Tudtud is:

a.2,000

b.1,500

c.5,000

d.0

Q11.Cash received by Apostol in January is:

a.200

b.1,000

c.500

d.0

Q12.The most vulnerable partner is:

a.De Mesa

b.Tudtud

c.Apostol

d.none

Q13.Total loss on realization of non-cash assets is:

6,000

3,000

4,200

1,200