Find an Online Tutor Now


asked • 25d

Calculate how much each party will receive upon their divorce.

Julian and April are married out of community of property with the accrual system.

When they got married –

(a) Julian owed $50 000 in student fees to Big Bank Ltd. The value of his other assets were $10

000; and

(b) April owned a townhouse valued at $1.5M and other movable assets to the value of

$200 000.

On the date of their divorce –

(i) Julian’s assets are valued at $2.9M and his liabilities amount to $1.5M; and

(ii) April’s assets are valued at $2.2M and her liabilities amount to $100 000

No expert answers yet

Answers can only be accepted by verified, expert tutors.

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.