Emails us- support@assignmnetanswers.com. Call US

Assignment help 2057

Please show BOTH sides of the balance sheet………….

A local partnership is liquidating and has only two assets (cash of $10,000 and land with a cost of $35,000). Allpartnership liabilities have been paid. All partners are personally insolvent. The partners have capital balances and shareprofits and losses as follows Brown, capital (40%) $25,000Fish, capital (30%) 15,000Stone, capital (30%) 5,000 a. lfthe land is sold for $25,000, how much cash does each partner receive in a final settlement?b. lfthe land is sold for $15,000, how much cash does each partner receive in a final settlement?c. lfthe land is sold for $5,000, how much cash does each partner receive in a final settlement?

Solution:

15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.