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35. Following is the Statement of Financial Position for the Adrienne, Ezra and Noelyn Partnership...

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Accounting

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35. Following is the Statement of Financial Position for the Adrienne, Ezra and Noelyn Partnership on June 4, 2021: Cash P 6,000 P 20,000 Liabilities Ezra, loan Other assets 94,000 4,000 Adrienne, capital 27,000 Ezra, capital 39,000 Noelyn, capital 10.000 Total P 100,000 Total P 100,000 The partners share net income and losses as follows: Adrienne, 40%; Ezra, 40%; and Noelyn, 20%. On June 4, 2021, other assets were sold for P30,700 and P20,500 had to be paid to liquidate the liabilities because of unrecorded claims amounting to P500. Adrienne and Ezra are personally solvent, but Noelyn's personal liabilities exceed personal assets by P6,000. How much cash should be distributed to partners? a Adrienee P1,480, Ezra P17.450, Noelyn PO O b. Adrienne P100, Ezra P16,100, Noelyn P2.760 O c Adrienne P100, Ezra P16,100. Noelyn PO O d. Adrienne P1.480, Ezra P16 100, PO

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