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What mac is to absorb for dan and pan

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Problem 1: Mac, Dan and Pan are partners with capital balances of P350,000, P250,000, and P350,000 and sharing profits 30%, 20% and 50%, respectively. Partners agreed to dissolve the business and upon liquidation, all of the partnership assets are sold and sufficient cash is realized to pay all the claims except one for P50,000, Pan is personally insolvent, but the other two partners are able to meet any indebtedness to the firm. On the remaining claim against the partnership, Mac is to absorb:

a. P15,000
b. P30,000
c. P25,000
d. P40,000

Reference no: EM132904437

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