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The partnership of Kapos. Kulang and Kasia was affected by the pandemic so the partners have decided to liquidate on December 31, 2020 and gave
The partnership of Kapos. Kulang and Kasia was affected by the pandemic so the partners have decided to liquidate on December 31, 2020 and gave you the following balances: 890.000 Cash Non-Cash Assets 100.000 Outside Creditors 1.400.000 Loan due to Kapos Kapos Capital Kulang. Capital Kasia, Capital 10,000 90.000 190.000 320,000 The partners share PL in the ratio of 5:3:2, respectively. Non-cash assets were sold for P900.000. Kapos is a limited partner while Kutang and Kasia are general partners. The personal assets and liabilities of partners are as follow: Assets Liabilities Kapos 300.000 150,000.00 Kulang 150,000 110.00.00 Kasia 200,000 150,000.00 2 4 5 Answer the following: 1 Gain Los) absorbed by Kapo Gain Loss) absorbed by Kulong 3 Gain/1.00) absorbed by Kasin Capital balance of Kapos after sale of NCA Capital balance of Kulang after sale of NCA Additional investment by Kapos Additional investment by Kutang Final settlement to Kapos Final settlement to Kulang Final settlement to Kasia 6 7 X 9 10
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