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507 LEM 4: MULTIPLE CHOICE 0nd B decided to liquidate their partnership businesS.h I atement of financial position of the business shows the following information: Assets 100,000 Liabilities 20,000 Acapital (50%) 40,000 .capitaLS00 40,000 The partners were able to convert all assets into 990,000 cash. How ch did B receive from the final settlement of his interest? 30,000 c. 28,000 d. 36,667 a. b. 35,000 A and B decided to liquidate their partnership business. The statement of financial position of the business shows the following information: AssetsLiabilities 200,000 80,000 70,000 50,000 eThe partners were able to convert all assets into P180,000 How much did A and B receive from the final settlement of their nterests, respectively? a. 50,000; 50,000 b. 60,000; 40,000 c. 70,000; 30,000 d. 56,667; 43,333 3 Partners A, B and C decided to liquidate their partnership. A of the partnership's statement of financial position is rsummary shown below: Cash Noncash assets Total 50,000 1,200,000 1,250,000 Accounts payable 100,000