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How much cash should be received by heart

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Problem 1: The partners Jean, Sasha, and Heart who share profits and losses in the ratio of 5:3:2, respectively, decided to dissolve the partnership when its assets, liabilities, and capital were as follows: Cash P 40,000; Other assets 210,000; Total Assets P250,000; Liabilities P 60,000; Jean, Capital 48,000; Sasha, Capital 72,000; Heart, Capital 70,000; Total Liabilities and Capital P250,000. The first sale of noncash assets having a book value of P120,000 realized P90,000. IF cash is distributed to the partners as it becomes available, how much cash should be received by Heart after the first sale?

Reference no: EM132809945

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