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The balance sheet of the partnership of Nah, Lih and Toh are shown below: NLT Partnership Balance Sheet December 31, 2015 Cash 50,000 Liabilities 80,000
The balance sheet of the partnership of Nah, Lih and Toh are shown below: NLT Partnership Balance Sheet December 31, 2015 Cash 50,000 Liabilities 80,000 Non Cash 250,000 Nah, Capital (50%) 100,000 Lih, Capital (25%) 75,000 Toh, Capital (25%) 45,000 Total 300,000 Total 300,000 On January 2016, certain non-cash assets were sold for a certain amount. Liquidation expenses and liabilities of 4,000 and 25,000 were paid. Future liquidating expenses of 5,000 are anticipated. Lih received 42,750 from the first distribution of available cash. Assuming that on February 2016, the remaining non cash assets were sold for 75,000 and liquidating expenses of 5,000 and the balance in liabilities were all paid, how much is the total cash received by Nah from the two distributions of cash? 37,500 73,000 74,000 75,000 On January 2020, Entity A a public entity and Entity B. a public entity, incorporated Entity which has its the incorporating entities provided that the The balance sheet of the partnership of Nah, Lih and Toh are shown below: NLT Partnership Balance Sheet December 31, 2015 Cash 50,000 Liabilities 80,000 Non Cash 250,000 Nah, Capital (50%) 100,000 Lih, Capital (25%) 75,000 Toh, Capital (25%) 45,000 Total 300,000 Total 300,000 On January 2016, certain non-cash assets were sold for a certain amount. Liquidation expenses and liabilities of 4,000 and 25,000 were paid. Future liquidating expenses of 5,000 are anticipated. Lih received 42,750 from the first distribution of available cash. Assuming that on February 2016, the remaining non cash assets were sold for 75,000 and liquidating expenses of 5,000 and the balance in liabilities were all paid, how much is the total cash received by Nah from the two distributions of cash? 37,500 73,000 74,000 75,000 On January 2020, Entity A a public entity and Entity B. a public entity, incorporated Entity which has its the incorporating entities provided that the
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