{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T18:15:00-04:00", "answer_date": "2024-05-26 18:15:00", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1754022", "url": "\/study-help\/questions\/the-partnership-of-anderson-berry-hammond-and-winwood-is-being-1754022", "question_creation_date_js": "2024-05-26T18:15:00-04:00", "question_creation_date": "May 26, 2024 06:15 PM", "meta_title": "[Solved] The partnership of Anderson, Berry, Hammo | SolutionInn", "meta_description": "Answer of - The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $21,700 but n | SolutionInn", "meta_keywords": "partnership,anderson,berry,hammond,winwood,liquidated,holds,cash,$21,700,assets,liabilities,amount", "question_title_h1": " The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $21,700 but no other assets. Liabilities amount to", "question_title": " The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated.", "question_title_for_js_snippet": "The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated It currently holds cash of $21,700 but no other assets Liabilities amount to $30,700 The capital balances are Anderson (40 of profits and losses) Berry (20 ) Hammond (20 ) Winwood (20 ) $ 24,000 12,000 (18,000) (deficit) (27,000) (deficit) a If both Hammond and Winwood are personally insolvent, how much money must Berry contribute to this partnership b 1 If only Winwood is personally insolvent, how much money must Hammond contribute to the partnership b 2 If only Winwood is personally insolvent, how will Hammond's contribution (funds) be disbursed c If only Hammond is personally insolvent, how much money should Anderson receive from the liquidation (For all requirements, do not round intermediate calculations Round your answers to the nearest whole dollar amount ) a Berry's contribution b Hammond's contribution 1 b Anderson 2 Berry Creditors C Anderson should receive", "question_description": "\"image", "transcribed_text": "The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $21,700 but no other assets. Liabilities amount to $30,700. The capital balances are Anderson (40% of profits and losses) Berry (20%) Hammond (20%) Winwood (20%) $ 24,000 12,000 (18,000) (deficit) (27,000) (deficit) a. If both Hammond and Winwood are personally insolvent, how much money must Berry contribute to this partnership? b-1. If only Winwood is personally insolvent, how much money must Hammond contribute to the partnership? b-2. If only Winwood is personally insolvent, how will Hammond's contribution (funds) be disbursed? c. If only Hammond is personally insolvent, how much money should Anderson receive from the liquidation? (For all requirements, do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a. Berry's contribution b- Hammond's contribution 1. b- Anderson 2. Berry Creditors C. Anderson should receive", "related_book": { "title": "Advanced Accounting", "isbn": "1260247821, 978-1260247824", "edition": "14th Edition", "authors": "Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6463140ac580a_2039.jpg", "uri": "\/textbooks\/advanced-accounting-14th-edition-9781260247824", "see_more_uri": "\/textbooks\/business-workforce-development-3411" }, "free_related_book": { "isbn": "979-8860691254", "uri": "\/textbooks\/cruel-paradise-979-8860691254-126054", "name": "Cruel Paradise", "edition": "" }, "question_posted": "2024-05-26 18:15:00", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/gagnons-autobody-ltd-repairs-and-paints-automobiles-after-accidents-explain", "description": "Gagnon's Autobody Ltd. repairs and paints automobiles after accidents. 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