Question
If the non-cash assets are sold for P150,000 and the liabilities are paid, and the remaining cash should be distributed. How much cash will be
If the non-cash assets are sold for P150,000 and the liabilities are paid, and the remaining cash should be distributed. How much cash will be received by Ping?
If the non-cash assets are sold for P100,000 and the liabilities are paid, and the remaining cash should be distributed. How much cash will be received by Pong?
If the non-cash assets are sold for P70,000 and the liabilities are paid, and the remaining cash should be distributed. How much cash will be received by Pang?
PS. Answer only, you don't need to send the solution, i trust your knowledge!
The statement of Financial Position of the PPP Partnership, just before liquidation is as follows: Cash Non-cash assets P40,000 140,000 Liabilities Ping, capital (60%) Pang, capital (20%) Pong, capital (20%) Total P70,000 50,000 50,000 10,000 P180,000 Total P180,000Step by Step Solution
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