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47. Nozuelo, Campillo and Sorio are partners sharing profits and losses equally. The partnership is being liquidated and after all assets are converted to cash
47. Nozuelo, Campillo and Sorio are partners sharing profits and losses equally. The partnership is being liquidated and after all assets are converted to cash and all liabilities paid, there remained P52,000 cash available for distribution to the partners. Nozuelo and Campillo have capital balances of P40,000 and P30,000, respectively. Sorio has a debit balance of P18,000 in her capital account. If Sorio is personally insolvent, how much cash will be distributed to Nozuelo?
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