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The following condensed statement of financial position is presented for the partnership of AA, BB, and CC, who share profits and losses in the ratio
The following condensed statement of financial position is presented for the partnership of AA, BB, and CC, who share profits and losses in the ratio of 4:3:3, respectively: Cash Other assets P160,000 320,000 Total P480.000 Liabilities. P180.000 AA capital 48.000 BB. capital 216.000 CC. capital 36.000 Total P480.000 The partners agreed to dissolve the partnership after selling the other assets for P200.000 Upon dissolution of the partnership. BB should have received: 100.000 60.000 216000 bero
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