求大神解决英文高级会计问题 100
Merz,Dechter,andFlowersarepartnersinapartnershipandshareprofitsandlosses40%,40%,and20...
Merz, Dechter, and Flowers are partners in a partnership and share profits and losses 40%, 40%, and 20%, respectively. The partners have agreed to liquidate the partnership and anticipate that liquidation expenses will total $14,000. Prior to the liquidation, the partnership balance sheet reflects the following book values:
Cash
$ 25,000
Noncash assets
200,000
Note payable to Dechter
12,000
Other liabilities
165,000
Capital,
Merz
40,000
Capital Dechter
18,000
Capital deficit, Flowers
(10,000)
Required:
Assuming that the actual liquidation expenses are $20,000 and that noncash assets are sold for $160,000, determine how the assets will be distributed. Flowers has net personal assets of $10,000.
Hint: Allocate both liquidation expense and Flowers deficit in that order.
在线等，好评
已经不需要了、、、等不了去睡觉了 展开
Cash
$ 25,000
Noncash assets
200,000
Note payable to Dechter
12,000
Other liabilities
165,000
Capital,
Merz
40,000
Capital Dechter
18,000
Capital deficit, Flowers
(10,000)
Required:
Assuming that the actual liquidation expenses are $20,000 and that noncash assets are sold for $160,000, determine how the assets will be distributed. Flowers has net personal assets of $10,000.
Hint: Allocate both liquidation expense and Flowers deficit in that order.
在线等，好评
已经不需要了、、、等不了去睡觉了 展开
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