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12. A and B decided to liquidate their partnership. The partnership's records show the following information: Non-cash assets 120.000 Liabilities 15,000 A, capital (50%) 60.000
12. A and B decided to liquidate their partnership. The partnership's records show the following information: Non-cash assets 120.000 Liabilities 15,000 A, capital (50%) 60.000 B, capital (50% 45,000 Total liabilities and eqully 120,000 The assets were sold for P32,000 and A received P16,000 in the cash distribution to the partners. How much did B receive? a. 17.000 b. 16,000 C1,000 d. 0
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
