Partnership Liquidation Schedule Safe Payment Presentation

Partnership Liquidation Schedule Safe Payment Presentation

 
Portolio Option 2- Milestone 2 Colorado State Univeristy - Global Campus Debit (Credit) Balance prior to liquidation Sale of noncash assets in month #1 Installment distrib to Partners #1 Sale of noncash assets in month #2 Installment distrib to Partners #2 $ $ $ $ $ $ $ $ $ Cash 94.000 31.000 125.000 (25.000) 100.000 28.000 128.000 (28.000) 100.000 Write off noncash assets in month #3 Pay creditors Post-liquidation balances $ $ $ $ $ $ 50.000 $ (32.000) 18.000 $ (100.000) $ 18.000 $ (100.000) $ $ $ Noncash Assets Liabilities 105.000 $ (100.000) (55.000) 50.000 $ (100.000) (100.000) (18.000) 100.000 $ (100.000) 0 - $ $ 0 (100.000) 100.000 0 Safe Payment #1 Debit (Credit) Partner's Capital Payment assuming that noncash sold for zero Assuming that A deficit is allocated Cash Noncash Assets Assumed losses $ 50.000 Liabilities 40% 30% $ $ $ $ $ A (28.000) $ 9.600 $ (18.400) $ $ (18.400) $ 1.600 $ (16.800) $ 9.600 $ (7.200) $ $ 7.200 $ $ $ $ $ - 5.400 $ $ - 0 $ $ $ $ 20.000 1.600 (1.600) - $ $ $ $ $ $ $ $ $ $ $ $ $ $ - 1.800 $ 0 20% 10% Partners' Capital Accounts B C (33.800) $ (13.200) $ 15.000 (18.800) 800 (18.000) D (12.000) 2.400 (9.600) 4.333 (5.267) 400 (4.867) 3.067 (1.800) 0 30% A (18.400) $ 10% 3.600 $ 0 40% $ 20% Partners' Capital Accounts B C (41.000) $ (18.000) 7.200 $ 4.800 (33.800) $ (13.200) 18.000 $ 2.667 (15.800) $ (10.533) 1.200 $ 800 (14.600) $ (9.733) 9.200 $ 6.133 (5.400) $ (3.600) $ $ $ $ 10.000 (3.200) 533 (2.667) $ $ $ $ D (9.600) 5.000 (4.600) 267 (4.333) ACT470-Portfolio-Option 2 40% Debit (Credit) Partners' Capital Noncash Assets Cash Liabilities A Balance prior to liquidation Sale of noncash assets in month #1 Installment distrib to Partners #1 Sale of noncash assets in month #2 Installment distrib to Partners #2 Write off noncash assets in month #3 Pay creditors Post-liquidation balances 0 0 0 0 30% 20% 10% Partners' Capi