=y Financial State.. map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... C Explain The Steps T... WAMZN | Amazon.co... A Amazon Financial R... 6 Basic Financial Ra... UN Amazon Long-term.. Module 2 Homework i Sign in Saved > Oth Help Save & Exit Submit Check my work The following balance sheet is for a local partnership in which the partners have become very unhappy with each other. $ Cash Land Building 42,000 140,000 130,000 Liabilities Adams, capital Baker, capital Carvil, capital Dobbs, capital Total liabilities and capital $ 32,000 85,000 36,000 64,000 95,000 $ 312,000 Total assets $ 312,000 To avoid more conflict, the partners have decided to cease operations and sell all assets Using this information answer the following questions. Each question should be viewed as an independent situation related to the partnership's liquidation a. The $10.000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to Adams, Baker. Carvil, and Dobbs on a 2:3:3:2 basis, respectively, how will the $10.000 be divided? b. The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated on a 2:2:3.3 basis. respectively, how will the $10,000 be divided? c. The building is immediately sold for $72,000 to give total cash of $ 114,000. The liabilities are then paid, leaving a cash balance of $82,000 This cash is to be distributed to the partners. How much of this money will each partner receive if profits and losses are allocated to Adams Baker. Carvil, and Dobbs on a 13.3.3 basis. respectively? (Do not round intermediate calculations.) d. Assume that profits and losses are allocated to Adams. Baker Carvil and Dobbs on a 1.3 4.2 basis respectively How much money must the firm receive from selling the land and building to ensure that Carvil receives a portion (Do not round Intermediate calculations.) search =y Financial State.. map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... C Explain The Steps T... WAMZN | Amazon.co... A Amazon Financial R... 6 Basic Financial Ra... UN Amazon Long-term.. Module 2 Homework i Sign in Saved > Oth Help Save & Exit Submit Check my work The following balance sheet is for a local partnership in which the partners have become very unhappy with each other. $ Cash Land Building 42,000 140,000 130,000 Liabilities Adams, capital Baker, capital Carvil, capital Dobbs, capital Total liabilities and capital $ 32,000 85,000 36,000 64,000 95,000 $ 312,000 Total assets $ 312,000 To avoid more conflict, the partners have decided to cease operations and sell all assets Using this information answer the following questions. Each question should be viewed as an independent situation related to the partnership's liquidation a. The $10.000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to Adams, Baker. Carvil, and Dobbs on a 2:3:3:2 basis, respectively, how will the $10.000 be divided? b. The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated on a 2:2:3.3 basis. respectively, how will the $10,000 be divided? c. The building is immediately sold for $72,000 to give total cash of $ 114,000. The liabilities are then paid, leaving a cash balance of $82,000 This cash is to be distributed to the partners. How much of this money will each partner receive if profits and losses are allocated to Adams Baker. Carvil, and Dobbs on a 13.3.3 basis. respectively? (Do not round intermediate calculations.) d. Assume that profits and losses are allocated to Adams. Baker Carvil and Dobbs on a 1.3 4.2 basis respectively How much money must the firm receive from selling the land and building to ensure that Carvil receives a portion (Do not round Intermediate calculations.) search