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PARTNERSHIP LIQUIDATION Despite being together through ups and downs, partners Eren, Mikasa, and Armin have decided to liquidate their partnership because of the rumbling
PARTNERSHIP LIQUIDATION Despite being together through ups and downs, partners Eren, Mikasa, and Armin have decided to liquidate their partnership because of the rumbling that Eren started. The partnership's balance sheet revealed the following: Cash Other Assets 50,000 500,000 Liabilities Eren, capital 60,000 180,000 Mikasa, capital 240,000 Armin, capital 70,000 550,000 550,000 The partners share profits and losses in a 4:4:2 ratio and all partners are personally solvent. Armin received P98,000 in cash in full settlement for his share of the partnership. What is selling price for the other assets?
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