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If P300,000 is available for distribution, how much will Garry receive? * (2 Points) Edgar, Feil, and Garry are partners
Posted: Mon May 30, 2022 8:04 am
by answerhappygod
- 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 11 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