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What alaya eventually will receive cash of

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Partners Atero and Alaya each have a P200,000 capital balance and share profits and losses in a 3:2 ratio, respectively. Cash equals P100,000, non-cash assets equal P600,000, and liabilities equal P300,000.

Problem 1: If the non-cash assets are sold for P250,000, and each partner is personally insolvent, Alaya eventually will receive cash of:

a. 0
b. P50,000
c. P60,000
d. P100,000

Reference no: EM132904399

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