3. Balances before liquidation of the partnership of Kayang, Kaya, Ko, Kaya2 and Co. are as follows: P500,000 220,000 35,000 20,000 30,000 Non-cash Assets Liabilities Kaya Loan Ko Loan Kaya2 Loan Kayang, Capital (40%) Kaya, capital (20%) Ko, Capital (10%) Kaya2.Capital (30%) 55,000 50,000 45,000 45,000 Cash of P285,000 is available for distribution after the first sale of the non-cash assets. How much will partner Ko receive? Your answer

3. Balances before liquidation of the partnership of Kayang, Kaya, Ko, Kaya2 and Co. are as follows: P500,000 220,000 35,000 20,000 30,000 Non-cash Assets Liabilities Kaya Loan Ko Loan Kaya2 Loan Kayang, Capital (40%) Kaya, capital (20%) Ko, Capital (10%) Kaya2.Capital (30%) 55,000 50,000 45,000 45,000 Cash of P285,000 is available for distribution after the first sale of the non-cash assets. How much will partner Ko receive? Your answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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