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  3. 1. cash is distributed as assets are realized, how

1. Cash is distributed as assets are realized, how much is the total cash received...

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Accounting

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1. Cash is distributed as assets are realized, how much is the total cash received by partner A?

2. Cash is distributed as assets are realized, how much is the total cash received by partner C?

The statement of financial position of A, B, C partnership as of December 31, 2020 is presented below: CASH LIABILITIES P20,000 280,000 OTHER ASSETS A, LOAN A, CAPITAL B, CAPITAL C, CAPITAL TOTAL 50,000 25,000 125,000 70,000 30,000 300,000 TOTAL 300,000 Profits and loss ratio is 3:2:1 for A, B and C, respectively. Other assets were realized as follows: DATE CASH RECEIVED BOOK VALUE JAN. 2020 60,000 90,000 FEB. 2020 35,000 77,000 MAR. 2020 125,000 113,000 Liquidation expenses paid are as follows: January - P500 February - P700

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