Solution-What amount of loss on realization should be

What amount of loss on realization should be allocated to A

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Question - A and B are partners who share income in the ratio of 1:2 and have capital balances of P40,000 and P70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of P80,000. What amount of loss on realization should be allocated to A?

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What amount of loss on realization should be allocated to A : After all noncash assets are sold and all liabilities are paid, there is a cash balance of P80,000. What amount of loss on realization should be allocated to A

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What amount of loss on realization should be allocated to A

Reference no: EM132530447

Reference no: EM132530447

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