Nama : Nurul Aryani

NIM : 43218120075
Akuntansi Keuangan Lanjutan 1

Forum 3
Soal 2

Fed, Flo and Wil announced the liquidation of their partnership beginning on January 1, 2011. Profits and losses
are divided 30 percent to Fed, 20 percent to Flo and 50 percent to Wil. Balance sheet items are summarized as
follows :

Cash $ 45,000 Accounts payable $ 20,000

Accounts Receivable-
$ 25,000 Fed Capital (30%) $ 75,000
net
Inventories $ 25,000 Flo Capital (20%) $ 30,000
Plant Assets-net $ 80,000 Wil Capital (50%) $ 60,000
Flo loan $ 10,000
$ 185,000 $ 185,000

REQUIRED :

Prepare a cash distribution plan as of January 1, 2011, for the Fed, Flo and Wil partnership

Answer :

Fed, Flo, and Wil Partnership

Cash Distribution Plan

Vulnerability Ranking
Partnership Profit and Loss Absorption Vulnerability
Equity Loss Ratio Potential Ranking
Fed $ 75,000 + 30% $ 250,000 3
Flo $ 20,000 + 20% $ 100,000 1
Wil $ 60,000 + 50% $ 120,000 2

Schedule of Assumend Loss Absorption

30% Fed 20% Flo 50% Wil Total
Predistribution Equity $ 75,000 $ 20,000 $ 60,000 $ 155,000
Assumed Loss to absorb Flo
$ 20,000 + 20% $ (30,000) $ (20,000) $ (50,000) $ (100,000)
$ 45,000 $ - $ 10,000 $ 55,000

Assumed loss to absorb Wil

$10,000 + 5/8 $ (6,000) $ (10,000) $ (16,000)
$ 39,000 $ - $ 39,000

Cash Distibution Plan

Priority
30% Fed 20% Flo 50% Wil
Creditors
First $20,000 100%
Next $39,000 100%
Next $16,000 3/8 5/8
Remainder 30% 20% 50%