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What will be the respective shares of S

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Question - S and T are partners sharing profits equally and with capital balances, respectively, of P750,000 and P500,000. The firm owes T P200,000 as evidenced by a promissory note. Upon liquidation, cash of P300,000 becomes available for distribution to the partners. In the final distribution, what will be the respective shares of S?

Reference no: EM132576341

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