TOPIC: PARTNERSHIP DISSOLUTION

Give brief explanation on each requirement that shows the application of partnership dissolution.

Case #2: Scenario B Requirement (a): Date Cash 71,250 A, Capital (100K - 71,250) x 60% 17,250 B, Capital (100K - 71,250) x 40% 11,500 C, Capital 100,000 to record the admission of C to the partnership Requirement (b): Before admission Admission of C After admission A, Capital 182,600 (17,250) 165,350 B, Capital 102,400 (11,500) 90,900 C, Capital 100,000 100,000 285,000 71,250 356,250