Question
5. Tanya, Ursula, and Vanessa are partners sharing profit and losses in the ratio 6:4:2 and with capital balances of P55,000, P 40,000 and P18,000,
5. Tanya, Ursula, and Vanessa are partners sharing profit and losses in the ratio 6:4:2 and with capital balances of P55,000, P 40,000 and P18,000, respectively. If Ursula received P8,000 as final settlement of her interest upon liquidation of the partnership, what is the total amount received by all the partners?
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
