PROBLEM 2;OBAMA, BIDEN AND PUTIN FORMED A PARTNERSHIP WITH EACH PARTNER HAVING A 1/3 SHARE. AFTER MANY SUCCESSFUL YEARS THEY HAVE DECIDED TO TERMINATE THE PARTNERSHIP. THE FOLLOWING BALANCE SHEET EXISTSASSETS: EQUITY:CASH $50,000 OBAMA CAPITAL $8,000A/R $60,000 BIDEN CAPITAL $2,000INVENTORY $20,000 PUTIN CAPITAL $130,000LAND $10,000TOTAL $140,000 $140,000DUE TO PUTINâS EXCEPTIONAL NEGOTIATING SKILLS, THERE WILL BE NO COSTS TO LIQUIDATE THE PARTNERSHIPA) What, if any, safe payments can each of the partnerâs take?B) No partner has taken any safe payments, and the inventory is sold for $5,000, now what safe payments can each of the partnerâs take?C) No partner has taken any safe payments, and the inventory is sold for $5,000 and the land is sold for $31,000, now what safe payments can each of the partnerâs take?D) No partner has taken any safe payments, and the inventory is sold for $5000, the land is sold for $31,000 and the receivables are sold for $24,000. Any partner with a negative capital account is unable to pay into the partnership, how much does each partner collect at liquidation?E) No partner has taken any safe payments, and the inventory is sold for $5000, the land is sold for $31,000 and the receivables are sold for $24,000. Any partner with a negative capital account is able to cover their shortage. How much does each partner collect or pay at liquidation?
Osteoarthritis versus rheumatoid arthritis Essay
Question 1: Describe the diagnostic criteria of osteoarthritis versus rheumatoid arthritis Osteoarthritis (OA) and rheumatoid arthritis (RA) are distinct forms of arthritis, each possessing unique diagnostic criteria. Osteoarthritis, a degenerative joint disease, primarily affects cartilage, the protective tissue cushioning the ends of bones. Its diagnosis often involves a combination of physical examination findings, imaging studies, […]
