The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: MAC: Capital $ 33,000, Loans Payable $7,000, P&L Ratio - 2; DON: Capital $42,000, P&L Ratio - 3; ALD: Capital $95,000, Loans Receivable $15,000, P&L Ratio - 5. Question : The second cash payment to any partner/s under program of priorities shall be made thus:
The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: MAC: Capital $ 33,000, Loans Payable $7,000, P&L Ratio - 2; DON: Capital $42,000, P&L Ratio - 3; ALD: Capital $95,000, Loans Receivable $15,000, P&L Ratio - 5. Question : The second cash payment to any partner/s under program of priorities shall be made thus:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: MAC: Capital $ 33,000, Loans Payable $7,000, P&L Ratio - 2; DON: Capital $42,000, P&L Ratio - 3; ALD: Capital $95,000, Loans Receivable $15,000, P&L Ratio - 5.
Question :
The second cash payment to any partner/s under program of priorities shall be made thus:
Transcribed Image Text:The Mac-Don-Ald Partnership is being liquidated. All liabilities have been
2 points
paid and the remaining assets are being realized gradually. The equity of
the partners is as follows: MAC: Capital - P33,000, Loans Payable -P7,000,
P&L Ratio - 2; DON: Capital - P42,000, P&L Ratio - 3; ALD: Capital -
P95,000, Loans Receivable -P15,000, P&L Ratio - 5. The second cash
payment to any partner/s under program of priorities shall be made thus: *
To Mac -B4,000 and Ald –Þ10,000
Tо Мас - Р6,000
To Ald - B10,000
О То Мас -34,000
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