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How much cash should c receive

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Question - The statement of financial statement of the firm of A, B, C, and D, just prior to liquidation, appears as follows:

A, Loan 1,000

A, Capital 5,500

B, Capital 5,150

C, Capital 6,850

D, Capital 4,500

A, B, C and D share profits 4:3:2:1, respectively. Certain assets are sold for P6,000 and this is distributed to partners. How much cash should C receive?

Reference no: EM133168074

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