Assuming Cash Available for distribution amounted to P200,000 the partners Aloha, Brooke and Cole will received the following:
Assuming Cash Available for distribution amounted to P200,000 the partners Aloha, Brooke and Cole will received the following:
Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations
Section: Chapter Questions
Problem 39P
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Aloha, Brooke and Cole are partners who share profits in the ratio 35.35.30 Capital balance of the partners are P200,000, P250,000 and P225,000 respectively. The partnership decided to dissolve the partnership and liquidate their assets. Assuming Cash Available for distribution amounted to P200,000 the partners Aloha, Brooke and Cole will received the following:
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