The partnership of C, A, and G named BREAKEVEN decided to liquidate their partnership on May 31, 2021. Before liquidating and sharing of na income, their capital balances are as follows: C (30%) P250,000, A (30% P180,000, and G (40%) P220,000. Net income from January 1 to May 31 is P120,000. Liabilities of the partnership amounted to P210,000 and its total assets include cash amounting to P70,000. A. Unsettled liabilities are P110,000. C invested additional cash enough to settle their partnership's indebtedness. A is personally solvent, G personally insolvent, and C becomes insolvent after investing the cash needed by the partnership. 30,ov0 1. How much were the proceeds from the sale of the partnership's non-cash assets? 90,000 2. How much cash will A invest in the partnership? 90,0w 3. How much will C receive as a result of their liquidation?

ages/ResponsePage.aspx?id3cYWpTercOUiPsQvdXdp-WXyu19p0dpLjDbGCXgjKqpURFVGNZZDSzZDWUhSWkRNTUoxTjBXNzh 9. Assume that residual profits and losses are shared equally among the three partners. Based on this information, calculate the maximum amount that Jude can expect to receive from the partnership liquidation is: * de, Revelation and Genesis partnership became insolvent on January 1, 2021, and the partnership is being liquidated as soon as practicable. In this respect the following information for the partners has been marshaled: Capital Balances Personal Assets Personal Liabilities Jude P70,000 P80,000 P40,000 Revelation (60,000) 30,000 50,000 ,000 Genesis (30,000) 70,000 Total (P20,000) O P20,000 P40,000

The balance sheet as of September 30, 2021, for the partnership D,E and F shows the followinginformation: Assets P360,000; D Loan, P20,000 D, Capital P83,000; E, Capital P77,000; F, capitalP180,000. It was agreed among the partners that D retires from the partnership, and it was alsofurther agreed that the assets should be adjusted to their fair value of P345,000 as of September 30,2021. Net loss prior to the retirement of D amount to P70,000. The partnership is to pay D P62,000cash for D’s partnership interest, which would include the payment of his loan. No goodwill is to berecorded. D, E and F shares profit 40%, 15% and 45% respectively. After D’s retirement, how muchwould F’s capital balance be? a. P66,000 b. P147,000 c. P136,500 d. P185,250

The CDG Carlos, Dan, and Gall Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: Assets Cash Accounts Receivable (net) Inventories Property, Plant and Equipment (net) Total Assets Liabilities and Capital Liabilities: Accounts Payable Capital: CDG PARTNERSHIP Balance Sheet At December 1, 20x6 Carlos, Capital Dan, Capital Gail, Capital Total Capital Total Liabilities and Capital $138,000 68,000 78,000 Personal assets Personal liabilities Personal net worth $ 34,000 93,000 118,000 336,000 $581,000 $297,000 284,000 $581,000 Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20X6, follow: Carlos Dan Gail $ 268,000 $310,000 $368,000 (239,000) (231,000) (340,000) $ 87,000 $ 28,000 $ 29,000 2. Carlos, Dan, and Gall share profits and losses in the ratio 15:45:40, 3. CDG sold all noncash assets on December 10, 20X6, for $276,000.