Solution-Prepare a cash distribution plan for the apb

Prepare a cash distribution plan for the apb partnership

Reference no: EM131829671

Question - Cash Distribution Plan

Adams, peters, and Blake share Profits and losses for their APB Partnership in a ratio of 2:3:5.

When they decide to liquidate, the balance sheet is as follows:

Assets		Liabilities and Equities
Cash	$40,000	Liabilities	$50,000
Adams, Loan	10,000	Adams, Capital	55,000
Other Assets	200,000	Peters, Capital	75,000
		Blake, Capital	70,000
Total Assets	$250,000	Total Liabilities and Equities	$250,000

Liquidation expenses are expected to be negligible, No interest accrues on loans with partners after termination of the business.

Required: Prepare a cash distribution plan for the APB Partnership.

Reference no: EM131829671

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Prepare a cash distribution plan for the apb partnership

Reference no: EM131829671

Reference no: EM131829671

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