If P300,000 is available for distribution, how much will Garry receive? * (2 Points) Edgar, Feil, and Garry are partners

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If P300,000 is available for distribution, how much will Garry receive? * (2 Points) Edgar, Feil, and Garry are partners

Post by answerhappygod »

If P300 000 Is Available For Distribution How Much Will Garry Receive 2 Points Edgar Feil And Garry Are Partners 1
If P300 000 Is Available For Distribution How Much Will Garry Receive 2 Points Edgar Feil And Garry Are Partners 1 (58.45 KiB) Viewed 9 times
If P300,000 is available for distribution, how much will Garry receive? * (2 Points) Edgar, Feil, and Garry are partners with a profit and loss ratio of 2:3:5. The partners are retiring and plan to liquidate the partnership. On January 1, 2022, the trial balance of the partnership shows: Cash 40,000 Liabilities P160,000 60,000 700,000 Edgar, loan Other assets Edgar, capital 20,000 Feil, capital 100,000 440,000 P760,000 P760,000 Enter your answer Garry, capital
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply