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Prior to liquidation, the partners' capital balances are reported as follows: ARIANA - Capital, P210,000, P&L Ratio, 1/4; GRANDE - Capital, P240,000, P&L Ratio, 3/4.
Prior to liquidation, the partners' capital balances are reported as follows: ARIANA - Capital, P210,000, P&L Ratio, 1/4; GRANDE - Capital, P240,000, P&L Ratio, 3/4. The total liabilities of the partnership amount to $200,000, and all assets available are non-cash assets which were realized at 500,000. The cash distribution to partners would be
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