Book value of the assets sold per instalment amounted to?

Reference no: EM132972626

Provide answers to the given quetions of the problem.

The statement of financial position of PRUTZ Partnership as of December 31, 2017 show the following balances before they decided to liquidate Cash P 4,200; Receivable from Kahel P5,000; Other Assets P200,000; Liabilities P 75,000; Apol, Capital P60,000; Kahel, Capital P50,000; Santol, Capital P24,200. Profit and Loss ratio were divided in the ratio 30%, 30% and 40% to Apol, Kahel and Santol respectively. The Other Assets were sold in 4 equal installment with gain (loss) on realization amounting to (P14,000), P0, (P47,000) and P45,000 respectively during the months of January, February, March and April 2018.

For the first installment-sale of the other assets, the cash available distributed to the partners amounted to?

In the book value of the assets sold per instalment amounted to?

for the 3rd instalment-sale of the assets, the other assets were sold for?

capital interest of Kahel amounted to? loss absorption capacity of Kahel amounted to?

final distribution of Cash available to Apol, Kahel, Santol upon liquidation would be?

Reference no: EM132972626

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