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A, B and C decided to liquidate their partnership on May 31, 2022. On this date their capital balances and profit sharing ratio were
A, B and C decided to liquidate their partnership on May 31, 2022. On this date their capital balances and profit sharing ratio were as follows: A-P150,000-40% B-P180,000-30% C-P 60,000 - 30% The net income from January 1 to May 31, 2022 was P132,000. Also on May 31, 2022, the partnership cash and liabilities, respectively, were P120,000 and P270,000. For A to receive P165,600 in full settlement of his interest, how much must be realized from the sale of partnership's non-cash assets? (2 Points) P579,000 P243,000 P633,000 P189,000 NSACTIO
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