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How much will b receive in final distribution

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Question -  A, B and C have capital balances of P 300,000, P 400,000 and P 500,000, respectively before liquidation and they share in the profits/ losses equally. The partnership has a loan payable to A of P 15,000. The non-cash assets has a book value of P 1,100,000. Assuming the proceeds received from the realization is P 50,000 and all the partners not solvent, how much will B receive in final distribution of remaining cash?

Reference no: EM133135702

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