Chap 1 - MAS Practice Standards

MDG Partnership had the following
condensed balance sheet just

before liquidation on November 1,
2018
ASSETS LIABILITIES AND CAPITAL

Cash……………………………...24,000 Liabilities….………………………12,000
Noncash Assets………………...84,000 Maquidang, loans……….……. 2,400
Maquidang, capital…...…….. 9,600
David, capital…………………. 48,000
Gabios, capital…...…………... 36,000
108,000 108,000
REQUIRED: Prepare Statement of Realization

and Liquidation , assuming;
📖 1. The noncash assets were
realized at 96,000
MDG Partnership
Statement of Realization and Liquidation
November 1 – 30, 2018
Non- Maquidang, David, Gabios,

Cash Maquidang Capital Capital Capital
Cash Assets Liabilities , Loan 30%) (50%) (20%)
Balances before liquidation 24,000 84,000 12,000 2,400 9,600 48,000 36,000
Realization and distribution
of gain 96,000 (84,000) _____ ______ 3,600 6,000 2,400
Balances after realization 120,000 12,000 2,400 13,200 54,000 38,400
Payment of liabilities (12,000) (12,000)

Balances after payment of
liabilities 108,000 2,400 13,200 54,000 38,400
Payment to partners - loan (2,400) (2,400) ______ ______ _______

partners’ loans 105,600 13,200 54,000 38,400
Payment to partners -
capital (105,600) (13,200) (54,000) (38,400)
2
realized at 48,000
MDG Partnership
November 1 – 30, 2018

of loss 48,000 (84,000) _____ ______ (10,800) (18,000) (7,200)
Balances after realization 72,000 12,000 2,400 (1,200) 30,000 28,800
Payment of liabilities (12,000) (12,000)

liabilities 60,000 2,400 (1,200) 30,000 28,800
Offset deficit versus loans _______ (1,200) 1,200 _______ _______
Balances after offsetting 60,000 1,200 30,000 28,800
Payment to partners – loan (1,200) (1,200) _______ ______

partners’ loans 58,800 30,000 28,800
capital (58,800) (30,000) (28,800)
realized at 36,000. The personal
assets and liabilities of the partners
on this date are as follows
Assets Liabilities
Maquidang 288,000 240,000
David 216,000 228,000
Gabios 108,000 108,000
4
MDG Partnership
November 1 – 30, 2018
Maquidang
Non- Maquidan , David, Gabios,
Cash g Capital Capital Capital
Balances before
liquidation 24,000 84,000 12,000 2,400 9,600 48,000 36,000
of loss 36,000 (84,000) ________ ________ (14,400) (24,000) (9,600)
Balances after realization 60,000 12,000 2,400 ( 4,800) 24,000 26,400
Payment of liabilities (12,000) (12,000) ________ _______ _______ _______
liabilities 48,000 2,400 ( 4,800) 24,000 26,400
Offset loan versus deficit – _______ (2,400) 2,400 _______ _______
Balances after offsetting
partner’s loan 48,000 (2,400) 24,000 26,400
Additional investment by
Q __2,400 2,400 _______ _______
Balances after additional
Investment 50,400 24,000 26,400
capital (50,400) (24,000) (26,400)
realized at 42,000
MDG Partnership
November 1 – 30, 2018
of gain 42,000 (84,000) _______ ________ (12,600) (21,000) (8,400)
Balances after realization 66,000 12,000 2,400 ( 3,000) 27,000 27,600
Payment of liabilities (12,000) (12,000) _______ _______ _______ _______
liabilities 54,000 2,400 (3,000) 27,000 27,600
Offset loan versus deficit _______ (2,400) 2,400 ______ ______
Balances after offsetting 54,000 ( 600) 27,000 27,600
Additional loss due to
insolvency of Q _______ 600 ( 429) ( 171)
Balances after additional ,
Loss 54,000 26,571 27,429
capital (54,000) (26,571) (27,429)
6
realized at 24,000. The personal
assets and liabilities of the partners
on this date are as follows
Assets Liabilities
Maquidang 288,000 284,400
David 216,000 228,000
Gabios 117,600 108,000
7
This is your
presentation title
Instructions for use
EDIT IN GOOGLE SLIDES EDIT IN POWERPOINT®
Click on the button under the Click on the button under the
presentation preview that says "Use presentation preview that says
as Google Slides Theme". "Download as PowerPoint
template". You will get a .pptx file
You will get a copy of this document
that you can edit in PowerPoint.
on your Google Drive and will be
able to edit, add or delete slides. Remember to download and install
the fonts used in this presentation
You have to be signed in to your
(you’ll find the links to the font files
Google account.
needed in the Presentation design
slide)
More info on how to use this template at www.slidescarnival.com/help-use-presentation-

template
This template is free to use under Creative Commons Attribution license. You can keep the
Credits slide or mention SlidesCarnival and other resources used in a slide footer.
9
Hello!
I am Jayden Smith
I am here because I love to give presentations.
You can find me at @username
10
1.
Transition
headline
Let’s start with the first set of slides
11
“Quotations are commonly
printed as a means of
inspiration and to invoke
philosophical thoughts from
the reader”
12
This is a slide title
× Here you have a list of items
× And some text
× But remember not to overload your slides with
content
Your audience will listen to you or read the content,
but won’t do both.
13
Big
concept
Bring the attention of your audience over a key
concept using icons or illustrations
14
You can also split
your content
White Black
Is the color of milk and Is the color of coal, ebony,
fresh snow, the color and of outer space. It is the
produced by the darkest color, the result of
combination of all the the absence of or complete
colors of the visible absorption of light.
spectrum.
15
In two or three
columns
Yellow Blue Red
Is the color of gold, Is the colour of the clear Is the color of blood,
butter and ripe lemons. sky and the deep sea. It and because of this it
In the spectrum of is located between has historically been
visible light, yellow is violet and green on the associated with
found between green optical spectrum. sacrifice, danger and
and orange. courage.
16
A picture is
worth a
thousand
words
A complex idea can be conveyed with
just a single still image, namely making
it possible to absorb large amounts of
data quickly.
17
Want big impact?
Use big image.
18
Use charts to
explain your ideas
White Gray Black
19
And tables to
compare data
A B C
Yellow 10 20 7
Blue 30 15 10
Orange 5 24 16
20
Maps
our office
21
89,526,124
Whoa! That’s a big number, aren’t you proud?
22
89,526,124$
That’s a lot of money
185,244 users
And a lot of users
100%
Total success!
23
Our process is
easy
secon
first last
d
24
Let’s review some
concepts
Yellow Blue Red
Is the color of gold, butter Is the colour of the clear Is the color of blood, and
and ripe lemons. In the sky and the deep sea. It is because of this it has
spectrum of visible light, located between violet historically been
yellow is found between and green on the optical associated with sacrifice,
green and orange. spectrum. danger and courage.
Yellow Blue Red

Is the color of gold, butter Is the colour of the clear Is the color of blood, and
and ripe lemons. In the sky and the deep sea. It is because of this it has
spectrum of visible light, located between violet historically been
yellow is found between and green on the optical associated with sacrifice,
green and orange. spectrum. danger and courage.
25
Android
Place your screenshot here
project
Show and explain your web,
app or software projects using
these gadget templates.
27
iPhone
Place your screenshot
here
project
28
Tablet
project
29
Desktop
project
30
Thanks!
Any questions?
You can find me at:
@username
user@mail.me
31
Credits
Special thanks to all the people who made and
released these awesome resources for free:
× Presentation template by SlidesCarnival
× Photographs by Unsplash
× Watercolor textures by GraphicBurguer
32
Presentation
design
This presentation uses the following typographies and colors:
× Titles: Lato Thin
× Body copy: Lato Light
You can download the fonts on this page:
http://www.latofonts.com/lato-free-fonts/
You don’t need to keep this slide in your presentation. It’s only here to serve
you as a design guide if you need to create new slides or download the fonts to
edit the presentation in PowerPoint®
33
SlidesCarnival icons are editable shapes.
This means that you can:

● Resize them without losing quality.
● Change fill color and opacity.
Isn’t that nice? :)
Examples:
😉
Now you can use any emoji as an icon!
And of course it resizes without losing quality and you can change the color.
How? Follow Google instructions

https://twitter.com/googledocs/status/730087240156643328
✋👆👉👍👤👦👧👨👩👪💃🏃💑❤😂
😉😋😒😭👶😸🐟🍒🍔💣📌📖🔨🎃🎈
🎨🏈🏰🌏🔌🔑 and many more...
35

Chap 1 - MAS Practice Standards

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Chap 1 - MAS Practice Standards

Uploaded by

Copyright:

Available Formats

MDG Partnership had the following

condensed balance sheet just

ASSETS LIABILITIES AND CAPITAL

REQUIRED: Prepare Statement of Realization

Non- Maquidang, David, Gabios,

Balances after realization 120,000 12,000 2,400 13,200 54,000 38,400

Payment of liabilities (12,000) (12,000)

Payment to partners - loan (2,400) (2,400) ___

Non- Maquidang, David, Gabios,

Balances after realization 72,000 12,000 2,400 (1,200) 30,000 28,800

Payment of liabilities (12,000) (12,000)

Offset deficit versus loans ___ (1,200) 1,200 _ _____

Balances after offsetting 60,000 1,200 30,000 28,800

Payment to partners – loan (1,200) (1,200) _

More info on how to use this template at www.slidescarnival.com/help-use-presentation-

White Gray Black

Yellow Blue Red

This means that you can:

Isn’t that nice? :)

How? Follow Google instructions

You might also like