a

Discount Partnership
Statement of Partnership Liquidation

Cash Other Assets Liabilities D, Capital F, Capital H, Capital

Balances before liquidation 25000 120000 40000 31000 65000 9000
Sale of other assets 60000 (120000) (18000) (24000) (18000)
Balances 85000 0 40000 13000 41000 (9000)
Payment of liabilities (40000) (40000)
Balances 45000 0 0 13000 41000 (9000)
Absorption of H's deficiency (3857) (5143) 9000
Balances 45000 0 0 9143 35857 0
Payment to partners (45000) (9143) (35857)

b
Discount Partnership
Statement of Partnership Liquidation

Cash Other Assets Liabilities D, Capital F, Capital H, Capital

Balances before liquidation 25000 120000 40000 31000 65000 9000
Sale of other assets 60000 (120000) (18000) (24000) (18000)
Balances 85000 0 40000 13000 41000 (9000)
Payment of liabilities (40000) (40000)
Balances 45000 0 0 13000 41000 (9000)
Additional investment 9000 9000
Balances 54000 0 0 13000 41000 0
Payment to partners (54000) (13000) (41000)

c
Discount Partnership
Statement of Partnership Liquidation

Cash Other Assets Liabilities D, Capital F, Capital H, Capital

Balances before liquidation 25000 120000 40000 31000 65000 9000
Sale of other assets 50000 (120000) (21000) (28000) (21000)
Balances 75000 0 40000 10000 37000 (12000)
Payment of liabilities (40000) (40000)
Balances 35000 0 0 10000 37000 (12000)
Additional investment/Absorp 8000 (1714) (2286) 12000
Balances 43000 0 0 8286 34714 0
Payment to partners (43000) (8286) (34714)
 D F H total
balances before liquidation 31000 65000 9000 105000
allocation of loss (18000) (24000) (18000) (60000)
balances 13000 41000 (9000) 45000
absorption (3857) (5143) 9000 0
distribution to partners 9143 35857 0 45000
 TUVW Partnership
Statement of Liquidation
January-May 20x4
Cash Non-cash Liabilities T, Loan W, Loan T, Capital
Assets
Balances before liquidation 181800 84000 6000 3000 26400
Sale of other assets-Jan. 72000 (90000) (7200)
Balances 72000 91800 84000 6000 3000 19200
Payment of liquidation exp. (1200) (480)
Balances 70800 91800 84000 6000 3000 18720
Payment to creditors (66000) (66000)
Balances 4800 91800 18000 6000 3000 18720
Sale of other assets-Feb. 21600 (30000) (3360)
Balances 26400 61800 18000 6000 3000 15360
Payment of liquidation exp. (1320) (528)
Balances 25080 61800 18000 6000 3000 14832
Payment to creditors (18000) (18000)
Balances 7080 61800 0 6000 3000 14832
Payment to partners (5280)
Balances 1800 61800 0 6000 3000 14832
Sale of other assets-March 19200 (24000) (1920)
Balances 21000 37800 0 6000 3000 12912
Payment of liquidation exp. (1440) (576)
Balances 19560 37800 0 6000 3000 12336
Payment to partners (18360) (2736) (3000)
Balances 1200 37800 0 3264 0 12336
Sale of other assets-Apr. 6000 (19800) (5520)
Balances 7200 18000 0 3264 0 6816
Payment of liquidation exp. (4800) (1920)
Balances 2400 18000 0 3264 0 4896
Payment to partners (1800) (720)
Balances 600 18000 0 2544 0 4896
Sale of other assets-May 2400 (18000) (6240)
Balances 3000 0 0 2544 0 (1344)
Payment of liquidation exp. (960) (384)
Balances 2040 0 0 2544 0 (1728)
Right of Offset (1728) 1728
Balances 2040 0 0 816 0 0
Payment to partners (2040) (816)

Schedule of Safe Payments-February

T U V W
Balances before distribution 14832 20016 14616 10416
Loan balances 6000 3000
Total interest 20832 20016 14616 13416
Restricted interest (25440) (12720) (12720) (12720) 63600
Balances (4608) 7296 1896 696
Restricted interest 4608 (1536) (1536) (1536)
Balances 0 5760 360 (840)
Restricted interest (420) (420) 840
Balances 0 5340 (60) 0
Restricted interest (60) 60
Distribution to U 0 5280 0 0

Schedule of Safe Payments-March

T U V W
Balances before distribution 12336 13488 13368 9168
Loan balances 6000 3000
Total interest 18336 13488 13368 12168
Restricted interest (15600) (7800) (7800) (7800) 39000
Payment to partners 2736 5688 5568 4368

Schedule of Safe Payments-April

T U V W
Balances before distribution 4896 4080 4080 4080
Loan balances 3264 0
Total interest 8160 4080 4080 4080
Restricted interest (7440) (3720) (3720) (3720) 18600
Payment to partners 720 360 360 360

TUVW Partnership
Cash Priority Program
January 1, 20x4
Payments
T U V W T U
Capital balance before liquidation 26400 25800 20400 16200
Loan balances 6000 3000
Total interest 32400 25800 20400 19200
P/L 0 0 0 0
Loss absorption ability 81000 129000 102000 96000
Priority 1 (27000) 5400
Balances 81000 102000 102000 96000
Priority 2 (6000) (6000) 1200
Balances 81000 96000 96000 96000
Priority 3 (15000) (15000) (15000) 3000
Balances 81000 81000 81000 81000 9600

February 5280

March 120
1200
3000
2736 1368
2736 5688
U, Capital V, Capital W, Capital

25800 20400 16200

(3600) (3600) (3600)
22200 16800 12600
(240) (240) (240)
21960 16560 12360

21960 16560 12360

(1680) (1680) (1680)
20280 14880 10680
(264) (264) (264)
20016 14616 10416

20016 14616 10416

(5280)
14736 14616 10416
(960) (960) (960)
13776 13656 9456
(288) (288) (288)
13488 13368 9168
(5688) (5568) (1368)
7800 7800 7800
(2760) (2760) (2760)
5040 5040 5040
(960) (960) (960)
4080 4080 4080 20400
(360) (360) (360)
3720 3720 3720
(3120) (3120) (3120)
600 600 600
(192) (192) (192)
408 408 408

408 408 408

(408) (408) (408)
Payments
V W

1200

3000 3000
4200 3000

P1

P1
1200 P2
3000 3000 P3
1368 1368 P/L
5568 4368