Emily, Daniel and Victoria have capital balances of P120,000, P200,000 and P72,000, respectively and they share profits in the respective ratio of 4:2:1. Daniel received P104,000 as a result of the liquidation of the partnership. Loss on asset realization is P 236,000 P 336,000 P 288,000 P 264,000
Emily, Daniel and Victoria have capital balances of P120,000, P200,000 and P72,000, respectively and they share profits in the respective ratio of 4:2:1. Daniel received P104,000 as a result of the liquidation of the partnership. Loss on asset realization is P 236,000 P 336,000 P 288,000 P 264,000
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 33CE
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Emily, Daniel and Victoria have capital balances of P120,000, P200,000 and P72,000, respectively and they share profits in the respective ratio of 4:2:1. Daniel received P104,000 as a result of the liquidation of the
Loss on asset realization is
P 236,000
P 336,000
P 288,000
P 264,000
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