Question
The partners' profit and loss sharing ratio is 2:3:5, respectively. D, E, AND F PARTNERSHIP Balance Sheet December 31, 2021 Assets Liabilities and Partners' Equity
The partners' profit and loss sharing ratio is 2:3:5, respectively.
| D, E, AND F PARTNERSHIP |
| Balance Sheet |
| December 31, 2021 |
| Assets | Liabilities and Partners' Equity |
| Cash | $35,000 | Liabilities | $ 40,000 |
| Equipment | 90,000 | D, Capital | 30,000 |
| Accum.dep.equipment | (15,000) | E, Capital | 25,000 |
| F, Capital | 15,000 |
| Total | $ 110,000 | Total | $ 110,000 |
If the D, E, and F Partnership is liquidated by selling the equipment for $45,000 and creditors are paid in full, what is the amount of cash that can be safely distributed to each partner?
| D, $24,000; E, $16,000; F, $0 | ||
| D, $14,000; E, $21,000; F, $5,000 | ||
| D, $30,000; E, $25,000; F, $15,000 | ||
| D, $20,000; E, $25,000; F, $5,000 |
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Management Reporting Und Behavioral Accounting Verhaltenswirkungen Des Berichtswesens Im Unternehmen
Authors: Andreas Taschner
2nd., 2nd. Auflage Aufl. 2019 Edition
3658234911, 978-3658234911
