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A third party offered to buy the non-cash assets and assume the accounts payable of the partnership for P960,000. However, certain assets are to

A third party offered to buy the non-cash assets and assume the accounts payable of the partnership for P960,000. However, certain assets are to be revalued as follows: Accounts receivable, P90,000; Inventory, P150,000; and Equipment, P640,000 Requirement: Compute for the cash distributions to the partners.

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