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prepare aschedule to show how avaialable cash would be distributed to the partners after creditors are paid in full. next part is state which partner would recieve the first cash available and at what point and what degree each of the remaining partners would recieve cash distribution.

after it was marked wrong i changed it to distribution loss and saved it. so that might not be wrong. the only options are the 4 that are already up

*Exercise 16-10 The trial balance for the MAD Partnership is as follows just before declaring bankruptcy. Cash $18,000 Other Assets $100,000 Matt Matt Allen Liabilities Loan Capital Capital $18,000 $9,000 $45,000 $27,000 Dave Capital $19,000 Partners share profits in the ratio 45:30:25. *(a) Your answer is partially correct. Try again. Prepare a schedule to show how available cash would be distributed to the partners after a Loss Absorption Pote Allen Matt TLoss Absorption Potential X 100000 X 90000 TNet Capital Interest X Distribution to Reduce Loss x - 24000 Balance after Distribution X 76000 X 90000 Distribution to Reduce Loss x - 14000 X 76000 X 76000 State which partner would receive the first cash available and at what point and to what degr Cash Distribution Plan Order of Cash Distribution Matt 15 liabilities ers after creditors are paid in full. etion Potential llen Dave Assets Distribution Allen Matt Dave 76000 45000 27000 19000 76000 9000 76000 36000 27000 (19000 o what degree each of the remaining partners would participate in cash distributions. Allen 0.3 Dave 0.25 0% % Ulleres 76000 Mati Distribution to Reduce Loss 45000 -24000 Balance after Distribution 76000 Distribution to Reduce Los! 90000 76000 9000 - 14000 76000 76000 76000 36000 State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions Cash Distribution Plan Matt Allen Dave Order of Cash Distribution Liabilities 0.45 0.3 0.25 1. First $18,000 T100% 2. Next $13,500 T100 3. Next $10,500 SS 45 4. Remainder 30% 25 *Exercise 16-10 The trial balance for the MAD Partnership is as follows just before declaring bankruptcy. Cash $18,000 Other Assets $100,000 Matt Matt Allen Liabilities Loan Capital Capital $18,000 $9,000 $45,000 $27,000 Dave Capital $19,000 Partners share profits in the ratio 45:30:25. *(a) Your answer is partially correct. Try again. Prepare a schedule to show how available cash would be distributed to the partners after a Loss Absorption Pote Allen Matt TLoss Absorption Potential X 100000 X 90000 TNet Capital Interest X Distribution to Reduce Loss x - 24000 Balance after Distribution X 76000 X 90000 Distribution to Reduce Loss x - 14000 X 76000 X 76000 State which partner would receive the first cash available and at what point and to what degr Cash Distribution Plan Order of Cash Distribution Matt 15 liabilities ers after creditors are paid in full. etion Potential llen Dave Assets Distribution Allen Matt Dave 76000 45000 27000 19000 76000 9000 76000 36000 27000 (19000 o what degree each of the remaining partners would participate in cash distributions. Allen 0.3 Dave 0.25 0% % Ulleres 76000 Mati Distribution to Reduce Loss 45000 -24000 Balance after Distribution 76000 Distribution to Reduce Los! 90000 76000 9000 - 14000 76000 76000 76000 36000 State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions Cash Distribution Plan Matt Allen Dave Order of Cash Distribution Liabilities 0.45 0.3 0.25 1. First $18,000 T100% 2. Next $13,500 T100 3. Next $10,500 SS 45 4. Remainder 30% 25