5. The partners have decided to liquidate the partnership.

If the
other assets are sold for ₱770,000, what amount of the
available cash should be distributed to Sammy?

1. To consummate the formation of the partnership, Baser

should make additional cash investment or (withdrawal) of:

6. How much cash should be distributed to each partner?

2. In the reported net income of ₱25,000 for the year 2018,

LYNNE would have

7. Determine the amount of cash withheld for anticipated

liquidation expenses.
3. The net income of the partnership for 2018 is

4. How much are the capital balances of Beth and Maya

immediately after Daisy’s retirement?
8. What is the estimated deficiency to unsecured amounts?
9. The amount to be paid to unsecured creditors is:

10. How much cash will be available to pay the unsecured

amounts?