Page 98 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0644%u0649 %u062d%u0642 %u0627%u0644%u0645%u0624%u0644%u0641 98 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u0629Exercise (1):The following Balance Sheet of ABC Partnership is given as follows:Cash 15,000 salaries Payable (5 months) 15,000Non Cash Assets 305,000 account Payable 60,000Capital (A) 72,000Capital (B) 123,000Capital (C) 50,000If the partners agreed to liquidate the Company and distribute All Cash on hand except for a $2,000 contingency balance and they share P & L in ratio 2:2:1. If you know the assets with a book value of $105,000 is sold for $77,000. And the Liquidation expenses is $2,000 Required: Prepare the Liquidation Table (Statement).Exercise (2):The following Balance Sheet of ABC Partnership is given as follows:Cash 45,000 salaries Payable (5 months) 25,000Non Cash Assets 800,000 account Payable 150,000Capital (A) 275,000Capital (B) 235,000Capital (C) 160,000If the partners agreed to liquidate the Company and they share P & L in ratio 3, 3, 1On 1/5 the Assets were sold for $100,000. On 1/6 the company paid liquidation expenses $35,000.The partner (C) is limited, partner (A) is solvent, and partner (B) is Insolvent.Required: Prepare the Liquidation Table (Statement).Exercise (3):Given the following balances after selling part of the non-cash assets and paying all the liabilities steps of Liquidation:Balances Cash Non-Cash Preferred Ordinary A B C50,000 ??? 0 0 120,000 193,000 137,000If the partners agreed to liquidate the Company and distribute All Cash on hand except for a $10,000 contingency balance and they share P & L in ratio is 5:3:2Required:show how to distribute the cash between partners and the capital balances after distribution96