The partners of Nelatyna Manufacturing have decided to dissolve their partnership as of the end of 2010.The partnership is going to liquidate during the first several months of 2011.The four partners of Nell,Ann,Tyler and Nadine,share profits and losses 35%,30%,25%,and 10%,respectively.The partnership trial balance at December 31,2010 is as follows:
Required:
Prepare a cash distribution plan for January 1,2011,showing how cash installments will be distributed among the partners as it becomes available.Prepare vulnerability rankings for the partners and a schedule of assumed loss absorption.

Question

The partners of Nelatyna Manufacturing have decided to dissolve their partnership as of the end of 2010.The partnership is going to liquidate during the first several months of 2011.The four partners of Nell,Ann,Tyler and Nadine,share profits and losses 35%,30%,25%,and 10%,respectively.The partnership trial balance at December 31,2010 is as follows:
  Required:
Prepare a cash distribution plan for January 1,2011,showing how cash installments will be distributed among the partners as it becomes available.Prepare vulnerability rankings for the partners and a schedule of assumed loss absorption.

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The Answer of The partners of Nelatyna Manufacturing have decided to dissolve their partnership as of the end of 2010.The partnership is going to liquidate during the first several months of 2011.The four partners of Nell,Ann,Tyler and Nadine,share profits and losses 35%,30%,25%,and 10%,respectively.The partnership trial balance at December 31,2010 is as follows:
  Required:
Prepare a cash distribution plan for January 1,2011,showing how cash installments will be distributed among the partners as it becomes available.Prepare vulnerability rankings for the partners and a schedule of assumed loss absorption.

The Partners of Nelatyna Manufacturing Have Decided to Dissolve Their