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The X company agrees to liquidate. The cash balance after selling all assets and paying all liabilities is P60,000. The final capital account balances are:
The X company agrees to liquidate. The cash balance after selling all assets and paying all liabilities is P60,000. The final capital account balances are: Maybelle, P35,000; Ariane, P29,000; and Marites, (P4,000). Marites is unable to pay the capital deficiency. How much will Maybelle receive?
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