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Partners Macale, Javier, and Bernal have capital balances P250,000; P150,000; and P300,000, respectively. They share profits and losses according to 40%, 20% and 40% respectively.
Partners Macale, Javier, and Bernal have capital balances P250,000; P150,000; and P300,000, respectively. They share profits and losses according to 40%, 20% and 40% respectively. If partners decide to liquidate the partnership and P50,000 is available as initial settlement to partners, who among the partners will not receive
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