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1. a.
Noncash Chapelle Rock Pryor
Cash +Assets =Liabilities +(1/5) +(2/5) +(2/5)
Balances before realization
Sale of assets and division of gain
Balances after realization
Payment of liabilities
Balances after payment of liabilities
Cash distributed to partners
Final balances
b.
Noncash Chapelle Rock Pryor
Cash +Assets =Liabilities +(1/5) +(2/5) +(2/5)
Balances before realization
Sale of assets and division of loss
Balances after realization
Payment of liabilities
Balances after payment of liabilities
Receipt of deficiency
Balances
Cash distributed to partners
Final balances
2.
a.
b.
Capital
CHAPELLE, ROCK, AND PRYOR
Statement of Partnership Liquidation
For the Period August 3–29, 2014
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Score:
Key Code:
Instructions
Capital
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CHAPELLE, ROCK, AND PRYOR
Statement of Partnership Liquidation
For the Period August 3–29, 2014
0%
[Key code here]
Problem 12-6B
Name:
Section:
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Enter a zero in cells you would otherwise leave blank.
1. a.
Noncash Chapelle Rock Pryor
Cash +Assets =Liabilities +(1/5) +(2/5) +(2/5)
Balances before realization 65,000$ 167,000$ 30,000$ 14,000$ 102,000$ 86,000$
Capital
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON
Cells with non-gray backgrounds are protected and cannot be edited.
CHAPELLE, ROCK, AND PRYOR
Statement of Partnership Liquidation
For the Period August 3–29, 2014
Problem 12-6B
Name:
Solution
Section:
Noncash Chapelle Rock Pryor
Cash +Assets =Liabilities +(1/5) +(2/5) +(2/5)
CHAPELLE, ROCK, AND PRYOR
For the Period August 3–29, 2014
Capital