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  • Prob 12 Liquidation

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    Kristel Fields
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    The document shows the capital balances and profit/loss percentages for three partners - Sarabia, Selisana and Gevera - in three scenarios. In the first scenario, additional losses are incurred which are split evenly between Sarabia and Gevera, reducing their balances. In the second scenario, additional investment by Selisana increases the total capital. In the third scenario, further investment by Selisana and additional losses split between Sarabia and Gevera are recorded before final payments to partners.

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    The document shows the capital balances and profit/loss percentages for three partners - Sarabia, Selisana and Gevera - in three scenarios. In the first scenario, additional losses are incurred which are split evenly between Sarabia and Gevera, reducing their balances. In the second scenario, additional investment by Selisana increases the total capital. In the third scenario, further investment by Selisana and additional losses split between Sarabia and Gevera are recorded before final payments to partners.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    32 views1 page

    Prob 12 Liquidation

    Uploaded by

    Kristel Fields
    The document shows the capital balances and profit/loss percentages for three partners - Sarabia, Selisana and Gevera - in three scenarios. In the first scenario, additional losses are incurred which are split evenly between Sarabia and Gevera, reducing their balances. In the second scenario, additional investment by Selisana increases the total capital. In the third scenario, further investment by Selisana and additional losses split between Sarabia and Gevera are recorded before final payments to partners.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    REQ1

    Cash Sarabia, Capital Selisana, Capital Gevera, Capital


    P/L Percentages (1/3) (1/3) (1/3)
    Balances 720,000 600,000 -240,000 360,000
    Additional losses to Sarabia
    and Gevera, 1:1 -120,000 240,000 -120,000
    Balances 720,000 480,000 240,000
    Payments to Partners -720,000 -480,000 -240,000

    REQ2

    Cash Sarabia, Capital Selisana, Capital Gevera, Capital


    P/L Percentages (1/3) (1/3) (1/3)
    Balances 720,000 600,000 -240,000 360,000
    Additional investment
    by Selisana 240,000 240,000
    Balances 960,000 600,000 360,000
    Payments to Partners -960,000 -600,000 -360,000

    REQ3

    Cash Sarabia, Capital Selisana, Capital Gevera, Capital


    P/L Percentages (1/3) (1/3) (1/3)
    Balances 720,000 600,000 -240,000 360,000
    Additional investment
    by Selisana 144,000 144,000
    Balances 864,000 600,000 -96,000 360,000
    Additional losses to Sarabia
    and Gevera, 1:1 -48,000 96,000 -48,000
    Balances 864,000 552,000 312,000
    Payments to Partners -864,000 -552,000 -312,000

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