4. Mactal, Macadang and Pangan a partners with capital balances of P350,000, P250,000 and P350,00 and sharing profits 30%, 20% and 50%, respectively. Partners agreed dissolve the business and upon iquidation, all of the partnership assets are sold and sufficient cash realized to pay all the claims excep one for P50 .000 Pangan is nerson
4. Mactal, Macadang and Pangan a partners with capital balances of P350,000, P250,000 and P350,00 and sharing profits 30%, 20% and 50%, respectively. Partners agreed dissolve the business and upon iquidation, all of the partnership assets are sold and sufficient cash realized to pay all the claims excep one for P50 .000 Pangan is nerson
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3EA: The partnership of Tasha and Bill shares profits and losses in a 50:50 ratio, and the partners have...
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