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How much should be the noncash assets be sold for

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Question - Carla, Carmina, and Cora are in the process of liquidating their partnership and their account balances as of October 1, 2021 are as follows:

Cash P30,000

Noncash assets 70,000

Carmina, Loan 14,000

Carla, Capital 10,000

Carmina, Capital 35,000

Cora, Capital 41,000

The profit and loss sharing has been 4:3:3. For Carla to receive P12,000, how much should be the noncash assets be sold for?

Reference no: EM133177658

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