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Question - The Statement of Financial Position show the balance below prior to the liquidation of the partnership of A, B, C, and D. Partners shared in the profits and losses in the ratio of 4:2:1:1, respectively. Cash P 50,000; Other Assets 950,000; Receivable from A 62,500; Liabilities P450,000; D, Loan 37,500; A, Capital 381,250; B, Capital 93,750; C, Capital 50,000; D, Capital 50,000. Other assets are sold for P500,000 and available cash is distributed to the proper parties. B is personally insolvent, but the other partners are able to meet any personal indebtedness to the partnership. The solvent partners make appropriate contributions to the partnership, and this cash is distributed in final settlement. How much would be the additional investment of C during the winding up of the partnership?
a. P6,250
b. P62,250
c. P8,750
d. P18,750
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