33. Partners AAA, BBB and CCC share profits and losses in the ratio of 5:3:2. At the end of a very unprofitable year, they decided to liquidate the firm. The partner's capital account balances at this time are as follows: AAA, P616,000 ; BBB, P697,200 ; CCC, P420,000. The liabilities accumulate to P840,000, including a loan of P280,000 from AAA. The cash balance is P168,000. All the partners are personally solvent. The partners plan to sell the assets in installment.   If BBB received P100,800 from the first distribution of cash, how much did CCC receive at that time? A. P56,000 B. P22,400 C. P33,600 D. P61,600

5 A, B and C are partners. On January 2, 2020, their capital balances and profit and loss ratio are as follows:     `  Capital  P&L ratio  A  P625,000  60%  B  1,250,000  25%  C  1,500,000  15%     C withdrew P250,000 during the year. Net loss on December 31, 2020 totaled P500,000. Hence, the partners decided to liquidate the partnership. It is uncertain how much of the assets will ultimately yield but the favorable realization is expected. It is, therefore, agreed to distribute cash as it becomes available. There are unpaid liabilities of P125,000 and cash of P17,500. 1. The amount of non-cash assets before liquidation is: _______ 2. The amount to be realized by the partnership on the sale of its assets so that A will receive a total of P475,000 in the final settlement of his interest is: __________

Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are

6.