Answer
Minimum amount for which the partnership must sell the other assets =$82,476
Explanation
When partnership gets liquidate, residual funds are distributed among partners as per their capital ratio calculated before liquidation.
Hence, capital ratio of Zed in the partnership = Zed capital / Total capital
= 42,000 / (72,000+90000+52,000+42,000)
= 42/256 = 16.41%
If Zed to obtain minimum $5,000 from the liquidation, then the residual money (to be distributed in partners) which should be left = $5,000 / 16.41% = $30,476
Total realization from total assets would be = Residual distributable + Liquidations expenses + Liabilities = $30,476 + $27,000 + $67,000 = $124,476
The minimum amount to be realised out of Other Assets = Total realization required - Cash available before liquidation = $124,476 - $42,000 = $82,476
Answer:
Isabella gain = $7,500
Explanation:
given data
partnership = 20 %
Outside basis= $30,000
share of JDT debt liability = $15,000
Selling value = $22,500
solution
first we get here Net value of share that is express as
Net value of share = Value of share - Liabilities ..............1
put here value and we will get
Net value of share = $30,000 - $15,000
Net value of share = $15,000
and
Isabella gain = Selling value - Net value of share .............2
Isabella gain = $22,500 - $15,000
Isabella gain = $7,500
Cash paid for interest is considered a(n) operating cash flows activity on the statement of cash flows.
<h3>What Is Operating Cash Flow (OCF)?</h3>
The amount of cash generated by a company's normal business operations is measured as operating cash flow (OCF). Operating cash flow indicates whether a company can generate enough positive cash flow to sustain and grow its operations; otherwise, external financing for capital expansion may be required. The cash impact of a company's net income (NI) from its primary business activities is represented by operating cash flow. The first section of the cash flow statement is operating cash flow, also known as cash flow from operating activities.
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