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100. AA, BB, CC, and DD are partners sharing profits in the ratio of 3/21, 4/21, 6/21, and 8/21. Their capital balances on December 31,
100. AA, BB, CC, and DD are partners sharing profits in the ratio of 3/21, 4/21, 6/21, and 8/21. Their capital balances on December 31, 2016 are as follows: AA, P500; BB, P12,500; CC, P12,500; and DD, P4,500. The partners decide to liquidate their firm and they accordingly convert the noncash assets into P11,600 cash. After paying liabilities of P1,500, they have P11,100 to divide. What is the gain (loss) on realization
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