Jijitaps

After the conference and tackled about Partnership Liquidation, what are the things or knowledge that you've learned that you won't forget after the course?

Explain the detailed process of the following bases for division of profit: • Arbitrary Ratio • Capital Contribution Ratio • Salaries, Interest and Bonus

Kathy has decided to retire from the partnership on October 31. The estimated profit of October 31 is P100,000. Their profit and loss ratio is 3:3:4 to Kathy, Lilia and Minda, respectively. Compute for the Total Partners Equity after dissolution and New Capital Accounts of Remaining partner using Bonus Method and Revaluation Method under the following INDEPENDENT cases.

Give me at least 3 things/knowledge that you won't forget about Dissolution by Retirement/Death/ Incorporation.

There are reasons why a partnership dissolves. Give me at least 5 reasons why a partnership dissolves and why is it a partnership needs to change the articles of co-partnership when these things occur.

Profit and losses were shared as follows; Cherry, 30%; Dorie, P30% and Oscar, 40%. It was decided to liquidate the business. The following is a summary of the realization and liquidation Expense activities. Prepare Statement of Liquidation using: a. Lumpsum Liquidation b. Installment Liquidation (Prepare Schedule of Safe Payments if needed)

Claire, Dolly and Ellery formed the CDE Partnership on September 1, 2016, with the following assets, measured at book values in their respective records, contributed by each partner. Use Bonus and Goodwill Method in computing the Capital balances of Claire, Dolly and Ellery.

On January 1, FRED and GEMMO formed a partnership by contributing cash of P405,000 and P270,000, respectively. Prepare a schedule for the division of net profit for 2016 with supporting computations when appropriate.