P 5,000 2,500 12,500 7,000 3,000 P30,000 Cash Other non-cash assets P2,000 28,000 Liabilities De Mesa, Loan De Mesa, Capital Tudtud. Capital Apostol, Capital Total Total P30,000 Profit and loss ratio is 3:2:1 for De Mesa, Tudtud and Apostol, respectively. Cash is distributed as assets are realized. Other assets were realized as follows: Date Cash Received Book Value January 2011 February 2011 March 2011 P 6,000 3,500 12,500 P 9,000 7,700 11,300 How much is the total cash received by Tudtud and cash received by Apostol in January
P 5,000 2,500 12,500 7,000 3,000 P30,000 Cash Other non-cash assets P2,000 28,000 Liabilities De Mesa, Loan De Mesa, Capital Tudtud. Capital Apostol, Capital Total Total P30,000 Profit and loss ratio is 3:2:1 for De Mesa, Tudtud and Apostol, respectively. Cash is distributed as assets are realized. Other assets were realized as follows: Date Cash Received Book Value January 2011 February 2011 March 2011 P 6,000 3,500 12,500 P 9,000 7,700 11,300 How much is the total cash received by Tudtud and cash received by Apostol in January
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 9MCQ: Refer to the information for Cornett Company above. What amount should Cornett report on its...
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