User Account

All Pages

Find how much cash must be invested by the partners

Assignment Help Accounting Basics
Reference no: EM132725903

January 1, 2020, Bankruptcy Partnership entered liquidation. The partner's balances on this date are as follows:

Anno (25%) P125,000

Caring (35%) P270,000

Janang (40%) P185,000

The partnership has liabilities amounting to P220,000, including a loan from Caring P30,000. Cash on hand before the start of liquidation is P40,000

Problem 1: Assume that after exhausting the noncash assets of the partnership, how much cash must be invested by the partners to satisfy the claims of the outside creditors and to pay the amount due to the partner/s?

Group of answer choices

a. P184,000

b. P218,000

c. P190,000

d. P224,000

Reference no: EM132725903

Questions Cloud

Treatment of overweight people in organizations : How do these perceptions affect the experiences and treatment of overweight people in organizations? What can be done about these perceptions?
Compute the net realizable value of accounts receivable : Wellington Corp. has outstanding accounts receivable totaling P2,540,000 as of December 31. Compute the net realizable value of Accounts Receivable.
Telecommunications : Identify a network in which you are familiar. What topology is used? What, if any, penetration testing is done? What is considered best practice?
List implications of effective doubtful debt identification : List three implications of effective doubtful debt identification policy. What factors should be considered when deciding the filing order?
Find how much cash must be invested by the partners : Find how much cash must be invested by the partners to satisfy the claims of the outside creditors and to pay the amount due to the partner/s?
About the software failure of boeing 737 : Write a paper about the software failure of Boeing 737 Max that caused two crashes in 2018 and 2019.
What were Kretovich annual sales : The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days sales outstanding of 36.5 days. What were Kretovich annual sales
Standpoint of social responsibility : What actions have been taken by Coca Cola in your country to demonstrate that it is a socially responsible company?
Analyse the treatment of the additional shares acquired : Analyse the treatment of the additional shares acquired in the consolidated financial statements. Sweet Bhd acquired 20% interests in Heart Bhd on 1 June 2018.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd