Partners Soul and Mate who have been dividing profits and losses in 2 points the ratio of 3:2. respectively, decided to liquidate their partnership. Capital balances before liquidation were: Soul-P40,000: Mate-P 30,000. After paying in full liabilities of P 30,000, they have P 49,000 cash to divide. How much is the total loss on realization? in the settlement to partners. how much did Soul receive? in the settlement to partners, how much did Mate receive?

Partners Soul and Mate who have been dividing profits and losses in 2 points the ratio of 3:2. respectively, decided to liquidate their partnership. Capital balances before liquidation were: Soul-P40,000: Mate-P 30,000. After paying in full liabilities of P 30,000, they have P 49,000 cash to divide. How much is the total loss on realization? in the settlement to partners. how much did Soul receive? in the settlement to partners, how much did Mate receive?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations

Section: Chapter Questions

Problem 44P

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