#10

A 100,000
B 150,000
C 75,000
TCC 325,000

A. NO ENTRY, ABC PARTNERSHIP REMAINS

CASE B
A, CAPITAL 50,000
D, CAPITAL 50,000

CASE C
A, CAPITAL 50,000
D, CAPITAL 50,000

CASE D
A, CAPITAL 50,000
D, CAPITAL 50,000

#11
A 100,000
B 150,000
C 75,000
TCC 325,000

CASE A P50000
capital of A after reval capital of A before reval
50000/.5 100,000 100,000
no revaluation

A, CAPITAL 50,000
D, CAPITAL 50,000

CASE B P75000 AC CC
75000/.5 150,000 100,000

total revaluation 162,500 (50000*325000)/100000

share in reval of A 50,000
share in reval of B 75,000
share in reval of C 37,500

TCC before revaluation 325,000

positive revaluation 162,500
TAC after revaluation 487,500
 asset 162,500
A, Capital 50,000
B, Capital 75,000
C, Capital 37,500
revaluation of asset

A, Capital 75,000
D, Capital 75,000

CASE C P30000
30000/.5 60,000

TCC before reval 325,000

Total negative reval (130,000)
TAC after reval 195,000

A, Capital 40,000
B, Capital 60,000
C, Capital 30,000
Asset 130,000

A, Capital 30,000
D, Capital 30,000

#12
A 200,000 50%
B 100,000 50%
TCC 300,000

CASE A. C invested 100k for 1/4 interest in the agreed cap of 400k
AC CC
old 300,000 300,000
new 100,000 100,000
total 400,000 400,000

Cash 100,000
C, capital 100,000

CASE B. C invested 100k for 1/5 interest in the agreed cap of 400k
AC CC
OLD 320,000 300,000
NEW 80,000 100,000
TOTAL 400,000 400,000

Cash 100,000
 C, capital 100,000

C, capital 20,000
A, Capital 10,000
B, Capital 10,000
bonus to old

CASE C C invested P60000 for 1/4 interest in the AC of 360000

AC CC
OLD 270,000 300,000
NEW 90,000 60,000
TOTAL 360,000 360,000

Cash 60,000
C, capital 60,000

A, capital 15,000
B, capital 15,000
C, capital 30,000
bonus to new

CASE D C invested P100K for 1/5 interest in the AC of 500k

AC CC
OLD 400,000 300,000
NEW 100,000 100,000
TOTAL 500,000 400,000

asset 100,000
A, Capital 50,000
B, Capital 50,000
revaluation of asset

Cash 100,000
C, capital 100,000

Case E C invested P60K for 1/5 interest in the AC of P300K

AC CC
OLD 240,000 300,000
NEW 60,000 60,000
TOTAL 300,000 360,000

A, capital 30,000
B, capital 30,000
asset 60,000
negative revaluation
 Cash 60,000
C, capital 60,000

#13
AC CC
OLD 250,000 300,000
NEW 125,000 75,000
375,000 375,000

equipment 75,000
C, capital 75,000

A, capital 25,000
B, capital 25,000
C, capital 50,000

#14
BONUS AC CC
OLD 382,500 360,000
NEW 127,500 150,000
TOTAL 510,000 510,000

requirement A
bal before admission
TTT 180,000
UUU 180,000
VVV 150,000
total 360,000 150,000

requirement B
CASH 150,000
VVV, CAPITAL 150,000

VVV, CAPITAL 22,500

TTT, CAPITAL 11,250
UUU, CAPITAL 11,250

ASSET REVAL AC CC
OLD 450,000 360,000
NEW 150,000 150,000
TOTAL 600,000 510,000

requirement C
 bal before revaluation
TTT 180,000 45,000
UUU 180,000 45,000
VVV
total 360,000 90,000

requirement D
asset 90,000
TTT, CAPITAL 45,000
UUU, CAPITAL 45,000

cash 150,000
VVV, CAPITAL 150,000

#15 requirement A
cap before retirement retirement
WWW 300,000 (300,000)
XXX 500,000
YYY 200,000
total 1,000,000

requirement B
WWW, Capital 300,000
XXX, Capital 7,143
YYY, Capital 2,857
Cash 310,000

requirement C
capital of WWW before reval 300,000
cap of WWW after reval (310,000)
share of WWW in reval 10,000
total reval 33,333
share of WWW 10,000
share of XXX 16,667
share of YYY 6,666

cap before retirement revaluation

WWW 300,000 10,000
XXX 500,000 16,667
YYY 200,000 6,666
total 1,000,000 33,333

requirement D
asset 33,333
WWW, Capital 10,000
 XXX, Capital 16,667
YYY, Capital 6,666

WWW, Capital 310,000

cash 310,000

#16
total partnetship capital 360,000
purchased interest 120,000

requirement a before admission admission

A 180,000 (60,000)
B 180,000 (60,000)
C 120,000
Total 360,000

requirement B
A, Capital 60,000
B, Capital 60,000
C, Capital 120,000

requirement C
total partnership cap before admission 360,000
total partnership cap after admission 375,000
asset revaluation 15,000

before admission revaluation

A 180,000 9,000
B 180,000 6,000
C
Total 360,000 15,000

requirement D
Asset 15,000
A, Capital 9,000
B, Capital 6,000

A, Capital 63,000
B, Capital 62,000
C, Capital 125,000

#17 before allocation of profitshare in profit

DDD 600,000 700,000
EEE 1,000,000 1,050,000
FFF 400,000 1,750,000
 total 2,000,000 3,500,000

A FFF, CAPITAL 2,150,000

DDD, CAPITAL 834,328
EEE, CAPITAL 1,315,672

B FFF, CAPITAL 2,150,000

DDD, CAPITAL 132,000
EEE, CAPITAL 198,000
CASH 2,480,000

C FFF, CAPITAL 2,150,000

DDD, CAPITAL 420,000
EEE, CAPITAL 630,000
EQUIPMENT 1,200,000
CASH 2,000,000
share in reval of A
50,000

cap before reval share cap after reval

A 100,000 50,000 150,000
B 150,000 75,000 225,000
C 75,000 37,500 112,500
D
 total 325,000 162,500 487,500

cap before reval share cap after reval purchased interest

A 100,000 (40,000) 60,000 (30,000)
B 150,000 (60,000) 90,000 -
C 75,000 (30,000) 45,000 -
D 30,000
total 325,000 (130,000) 195,000

BONUS/AR
20,000
(20,000)
-
BONUS/AR
(30,000)
30,000
-

AR
100,000
-
100,000

AR
(60,000)
-
(60,000)
AR
(50,000)
-
-

BONUS
22,500
(22,500)
-

bonus bal after admission

11,250 191,250
11,250 191,250
(22,500) 127,500
- 510,000

AR
90,000
-
90,000
cap after rev admission bal after admission
225,000 225,000
225,000 225,000
150,000 150,000
450,000 150,000 600,000

bonus cap after retirement

-
(7,143) 492,857
(2,857) 197,143
690,000

bal after revaretirement bal after retirement

310,000 (310,000) -
516,667 516,667
206,666 206,666
1,033,333 723,333
after admission
120,000
120,000
120,000
360,000

after reval admission after admission

189,000 (63,000) 126,000
186,000 (62,000) 124,000
- 125,000 125,000
375,000 - 375,000

after profit
1,300,000
2,050,000
2,150,000
5,500,000
CASE A
before withdrawal withdrawal of partner after withdrawal
DDD 1,300,000 834,328 2,134,328
EEE 2,050,000 1,315,672 3,365,672
FFF 2,150,000 (2,150,000) -
total 5,500,000 - 5,500,000
purchased interest balances after admission
(75,000) 75,000
- 225,000
- 112,500
75,000 75,000
 487,500

balances after admission

30,000
90,000
45,000
30,000
195,000
 CASE B CASE C
withdrawal of partner after withdrawal withdrawal of partner after withdrawal
(132,000) 1,168,000 (420,000) 880,000
(198,000) 1,852,000 (630,000) 1,420,000
(2,150,000) - (2,150,000) -
(2,480,000) 3,020,000 (3,200,000) 2,300,000
#18
Requirement
A. Loss on realization
Proceeds 100,000
CA of other assets (140,000)
Loss on realizatop (40,000)

B. Statement of liquidation statement of liquidation

30-Jun-20

cash other assets Accounts payable

balance 10,000 140,000 50,800
realization 100,000 (140,000)
balance 110,000 - 50,800
payment of liab (50,800) (50,800)
balance 59,200 - -
distribution (59,200)
balance - - -

C. How much GGG, HHH, III will receive?

GGG HHH
loan - 2,000
capital 38,000 24,000
interest 38,000 26,000
share in loss (16,000) (12,000)
cash received 22,000 14,000

#19
Requirement
A. Gain/Loss on realization for January and February

January February
Proceeds 260,000 230,000
BV 300,000 200,000
Gain/(Loss) (40,000) 30,000

B. Restricted Interest
January restricted interest = 218 000
JJJ KKK
capital balances before liquidation 200,000 30,000
loans 70,000
Total interest 270,000 30,000
loss on realization (16,000) (8,000)
capital balances before cash distribution 254,000 22,000
restricted interest: unsold nca (80,000) (40,000)
 200,000
balance 174,000 (18,000)
restricted interest: failure to pay possible (9,000) 18,000
deficiency
free interest 165,000 -
payment to apply on:
loans 70,000 -
capital 95,000 -
total cash distri 165,000 -

February restricted interest = ZERO

JJJ KKK
capital balances, feb 89,000 22,000
gain on realization 12,000 6,000
total interest 101,000 28,000
restricted interst - -
free interest 101,000 28,000

C
Statement of Liquidation
December 31, 2020.

CASH OTHER ASSET ACCNT PYBL

bal before liq 150,000 500,000 200,000
realization 260,000 (300,000)
balancce 410,000 200,000 200,000
payment of liabilities (200,000) (200,000)
balance 210,000 200,000 -
distribution to partners (210,000)
balance - 200,000 -
realization 230,000 (200,000)
balance 230,000 - -
distribution to partners (230,000)
balance - - -

Schedule of safe payment

January
JJJ, CAPITAL KKK, CAPITAL
capital balance before distriibution 184,000 22,000
loans 70,000
total interest 254,000 22,000
restricted interest: unsold nca (80,000) (40,000)
200,000
balance 174,000 (18,000)
restricted interest: failure to pay possible (9,000) 18,000
deficiency
free interest 165,000 -
payment to apply on:
loans 70,000 -
capital 95,000 -
total cash distri 165,000 -

Schedule of safe payment

February
JJJ, CAPITAL KKK, CAPITAL
cap balance before distribution 101,000 28,000
restricted interest - -
free intrerest 101,000 28,000
payment to apply on:
capital 101,000 28,000
total cash distr 101,000 28,000

Cash priority program

JJJ, CAPITAL KKK, CAPITAL
capital before liquidation 200,000 30,000
loans 70,000
total interest 270,000 30,000
p/l ratio 40% 20%
MLAC 675,000 150,000
PI: JJJ (300,000)
PII: JJJ &LLL (225,000)
balance 150,000 150,000

PI: JJJ 120,000

PII: JJJ &LLL 90,000
in excess of 300,000 based on p/l ratio

Installment distribution
January 31, 2021.

amount JJJ KKK

cash available 210,000
PI: JJJ (120,000) 120,000
PII: JJJ &LLL (90,000) 45,000
total 165,000 -

Installment distribution
February 28, 2021.
amount JJJ KKK
230,000
PII: JJJ &LLL (90,000) 45,000
balance (140,000) 56,000 28,000
total 101,000 28,000

D JJJ KKK LLL

1st installment 165,000 45,000
last installment 101,000 28,000 101,000
total 266,000 28,000 146,000

#20
Cash Other assets Loan to NNN
28,000 534,400 25,000

Requirement
A. Loss on realization
Proceeds 374,080
Book value (534,400)
loss on realization (160,320)

B. Total cash available after realization

cash, beg 28,000
proceeds 374,080
total 402,080

c. cash available to partners

total cash available after realization 402,080
payment to outside creditors (264,100)
liquidation expense (12,000)
CAFD 125,980

D. Amount to be received by each partner

30 40 30
MMM NNN OOO
capital balance 120,000 90,000 75,000
loan 28,800 (25,000) 9,500
total interest 148,800 65,000 84,500
loss on realization (48,096) (64,128) (48,096)
liquidation expense (3,600) (4,800) (3,600)
balance 97,104 (3,928) 32,804
absorption (1,964) 3,928 (1,964)
amount to be received 95,140 - 30,840

#21
Requirement
A. Loss on realization
 proceeds on the sale of other assets 431,250
Book value of other assets 575,000
loss on realization on other assets (143,750)

settlement price of loan from PPP 10,000

furniture book value 25,000
loss on realization of furniture (15,000)
total loss on realization (158,750)

b. cash available after realization

cash, beginning 30,000
proceeds 441,250
total cash available after realization 471,250

c. cash available to partners

total cash available after realization 471,250
payment to creditors (120,000)
liquidation expense (3,000)
cash available to partners 348,250

D. amounts to be received by partners

5 3
PPP QQQ
capital 160,000 140,000
loan 10,000
total interest 170,000 140,000
loss on realization (79,375) (47,625)
liquidation expense (1,500) (900)
balance 89,125 91,475
 40 30 30
loans payable-HHH Loans Payable - III GGG, Capital HHH, Capital III, Capital
2,000 3,200 38,000 24,000 32,000
(16,000) (12,000) (12,000)
2,000 3,200 22,000 12,000 20,000

2,000 3,200 22,000 12,000 20,000

(2,000) (3,200) (22,000) (12,000) (20,000)
- - - - -

III
3,200
32,000
35,200
(12,000)
23,200 59,200

LLL
150,000

150,000
(16,000)
134,000
(80,000)
 54,000
(9,000)

45,000

-
45,000
45,000 210,000

LLL
89,000
12,000
101,000
-
101,000 230,000

40 20 40
LP-JJJ JJJ, CAPITAL KKK, CAPITAL LLL, CAPITAL
70,000 200,000 30,000 150,000
(16,000) (8,000) (16,000)
70,000 184,000 22,000 134,000

70,000 184,000 22,000 134,000

(70,000) (95,000) - (45,000)
- 89,000 22,000 89,000
12,000 6,000 12,000
- 101,000 28,000 101,000
(101,000) (28,000) (101,000)
- - - -

safe payment

LLL, CAPITAL
134,000

134,000
(80,000)

54,000
(9,000)
 45,000

-
45,000
45,000 210,000

safe payment

LLL, CAPITAL
101,000
-
101,000

101,000
101,000

ty program
LLL, CAPITAL
150,000

150,000
40%
375,000

(225,000)
150,000

90,000
n p/l ratio

LLL

45,000
45,000

LLL
 45,000
56,000
101,000

asset liab capital

28,000 264,100 120,000
534,400 9,500 90,000
25,000 28,800 75,000
total 587,400 302,400 285,000

total
285,000
13,300
298,300
(160,320)
(12,000)
125,980
-
125,980

asset liabilities equity

cash 30,000 120,000 160,000
furniture 25,000 10,000 140,000
 other assets 575,000 130,000
70,000
total 630,000 130,000 500,000

1 1
RRR SSS total
130,000 70,000 500,000
10,000
130,000 70,000 510,000
(15,875) (15,875) (158,750)
(300) (300) (3,000)
113,825 53,825 348,250