- How Much Is The Cash Received By C In The Final Settlement Of His Interest 2 Points D Partners A B And C Who Shared P 1 (220.58 KiB) Viewed 33 times
- How Much Is The Cash Received By C In The Final Settlement Of His Interest 2 Points D Partners A B And C Who Shared P 2 (290.06 KiB) Viewed 33 times
How much is the cash received by C in the final settlement of his interest? 2 Points) D. Partners A B and C who shared profit and losses based on 4-4-2 decided to liquidate. All asets of the partnership were liquidated. The condensed statement of Financial position just prior to liquidation follows: P 100,000 400.000 P140,000 10,000 Other assets Liabilities A, loan A, Capital B. Capital C. Capital Total 105.000 200.000 P 500,000 Total P 500,000 Other assets were sold and realized an amount less than its book value by P 175.000. Partners agreed to fully terminate the partnership's business and if there is any capital deficiency, there will be a contribution of additional cash Enter your answer
20 How much must A absorb in the capital deficiency of the deficient partner? I (2 points) F. On December 31,2019, ACT Partnership decided to Squidate its business. On this date, AC and I have capital Bances of P 300,000, P 250.000, P 120.000 and share profits and losses in the ratio of 5:2-3. Below it shows the personalets and unsong liabilities of each partners: A-personal assets - P 100.000 personal liabilitles -P 50,000 C-personal aswels - P 50,000 : personal liabilities - P50,000 T-personal assets = P 50.000: personal liabilities = P 75.000 Before liquidation, the partnership has total liabilities of P 330,000 which indudes a payable of P 300000 to Tand the mon cash assets thas a book value of P 750,000. The amount of proceeds received from the liquidation of assets is P200,000 which is already set of liquidation expenses of P 30,000 w Enter your answer