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A, B and C decided to liquidate their partnership on May 31, 2022. On this date their capital balances and profit sharin
Posted: Mon May 30, 2022 8:11 am
by answerhappygod
- A B And C Decided To Liquidate Their Partnership On May 31 2022 On This Date Their Capital Balances And Profit Sharin 1 (59.66 KiB) Viewed 14 times
A, B and C decided to liquidate their partnership on May 31, 2022. On this date their capital balances and profit sharing ratio were as follows: TIT A - P150,000 - 40% B - P180,000 - 30% C-P 60,000 - 30% The net income from January 1 to May 31, 2022 was P132,000. Also on May 31, 2022, the partnership cash and liabilities, respectively, were P120,000 and P270,000. For A to receive P165,600 in full settlement of his interest, how much must be realized from the sale of partnership's non-cash assets? K (2 Points) OP579,000 OP243,000 ENSACTIO P633,000 P189,000