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How much is the liquidation value of PQ Partnership

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Question - The PQW Partnership is not going well, and the partners have decided to liquidate the business. The partners share income and loss in a ratio of 2:1. PQ Partnership reported cash of P50,000 and building valued at P800,000. They owe P500,000 to various creditors. Upon checking with realtors,, they can sell the building at P600,000 based on current prices. How much is the liquidation value of PQ Partnership?

a. 850T

b. 150T

c. 350T

d. 650T

Reference no: EM133060171

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