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Find how much cash will each partner receive

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Problem 1: Kat, Mat and Pat are partners with capital balances of P 430,000, P 520,000 and P 470,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The firm owes Kat P 50,000. Upon liquidation, P 450,000 is available for distribution to the partners. How much cash will each partner receive?

Reference no: EM132936586

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