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Amount of cash partner

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The following balance sheet was prepared for the A. B. C Partnership on July 1, 2016. Assets Liabilities and Capital Cash P25,000 Accounts Payable A, Capita(40%) P52,000 40.000 Non-Cash Assets 180.000 28 12 B. Capital (40%) C, Capital(20%) 65,000 48.000 The partnership is being liquidated on the installment basis. The first sale of noncash assets with book value of P90.000 realizes P50,000. The amount of cash partner C should receive in the first installment is?

Reference no: EM133246963

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