Fundamentals of Advanced Accounting

Fifth Edition
by
Hoyle/Schaefer/Doupnik
Key Figures in Selected Problems
(Check figures for multiple choice questions not provided.)
CHAPTER 10
P10-12:
P10-13:
P10-14:
P10-15:
P10-16:
P10-17:
P10-18:
P10-19:
P10-20:
P10-21:
P10-22:

(c)

(c)
(a)

P10-23:
P10-24:
P10-25:

Part A (b)
Part B (b)
(e)
(i)

P10-26:
P10-27:
P10-28:
P10-29:
P10-30:

Part B
Part B

Cash distribution to Pierce = $1,200

Cash distribution to Fish = $4,286
Cash distribution to Atkinson = $20,000
Cash distribution to Ball = $143
Safe payment to Saunders = $14,000
Loss required to eliminate Watson = $50,000
Safe capital balance for Babb = $2,000
Contribution required from Green = $7,000
Safe capital balance for Dobbs = $22,500
After paying liabilities and liquidation expenses, next available $35,000
goes to Spencer
After paying liabilities and liquidation expenses, next available $10,000
goes to Able
After paying liabilities and liquidation expenses, next available $87,000
goes to Reidl
All $19,000 goes to Thomas
Amount to Sampson = $3,667
Paid to May = $26,625
Paid to March = $400
After paying liabilities and liquidation expenses, next available $10,000
goes to Y
Safe payment to Bakel on January 31 = $26,600
Final distribution to Cummings = $9,500
After all liabilities paid, first $23,333 goes to Clarke
Final cash distribution to Norris = $834

10-1