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Chapter 13 Partnershlp Dissolution NAME: Professor: Date: Score: Section: QUIZ: Use the following Information for the next three cases: Carmts joins the partnership of Apple and Banana. Before the admission of Carrots, the partnership statement of financial position shows the following information: Cash 30,000 Accounts receivable 140,000 Inventory 200,000 Equipment 500,000 Total assets 870,000 Accounts payable Apple, Capital (60%) Banana, Capital (40%) Total liabilities and equity 80,000 515,000 275,000 870,000 The following adjustments are determined: a. The recoverable amount of the accounts receivable is P120.000. b. The inventory has a net realizable value of P160.000. C. The equipment has a fair value of P450 000. d. Unrecorded liabilities amount to 120.000. b. The inventory has a net realizable value of 7160,000. C. The equipment has a fair value of P450,000. d. Unrecorded llabildes amount to 120,000.