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Determine how much each partner will receive

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Reference no: EM132937817

PROBLEM - The capital balances of the partners Star Hardware prior to liquidation were as follows:

CAPITAL

LOAN

P/L

RATIO

Dee Nuh Kaya

P65,000

P5,000

35%

Lala Van Pah

80,000

 

40%

Fa Gud Na

45,000

20,000

25%

Required -

1. Prepare Cash Priority Program.

2. Based on the program, determine how much each partner will receive assuming; Cash available for distribution is P20,000.

Reference no: EM132937817

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