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What amount of cash will moose receive

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Moose, Booze and Goose are partners with capital balances of P 320,000, P 450,000 and P 520,000 respectively with profit and loss sharing ratio of 2:3:5 respectively. The firm owes Booze P 20,000. Upon liquidation, P 390,000 is available for distribution to the partners.

Problem 1: What amount of cash will Moose receive?

A. 78,000

B. 136,000

C. 258,000

D. 320,000

Reference no: EM132934081

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