14:45 1.40 45% KBla As of December 31, 2022, ToMoNo Partnership showed capital balances of: To P40,000; Mo P25,000; No P5,000. The partner's profit and loss ratio was 3:2:1 respectively. The partners decided to liquidate the partnership and sold all non cash asset for 37,000. After settlement of all the liabilities amounting to 12,000, they still have cash of P28,000 left for distribution. How much was the book value of Noncash asset? 37,000 * 82,000 80,000 79,000 As of December 31, 2022, ToMoNo Partnership showed capital balances of: To P40,000; Mo P25,000; No P5,000. The partner's profit and loss ratio was 3:2:1 respectively. The III C) * כ
14:45 1.40 45% KBla As of December 31, 2022, ToMoNo Partnership showed capital balances of: To P40,000; Mo P25,000; No P5,000. The partner's profit and loss ratio was 3:2:1 respectively. The partners decided to liquidate the partnership and sold all non cash asset for 37,000. After settlement of all the liabilities amounting to 12,000, they still have cash of P28,000 left for distribution. How much was the book value of Noncash asset? 37,000 * 82,000 80,000 79,000 As of December 31, 2022, ToMoNo Partnership showed capital balances of: To P40,000; Mo P25,000; No P5,000. The partner's profit and loss ratio was 3:2:1 respectively. The III C) * כ
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter24: Bankruptcy, Reorganization, And Liquidation
Section: Chapter Questions
Problem 5SP
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Question
Transcribed Image Text:14:45
1.40
45%
KBla
As of December 31, 2022, ToMoNo
Partnership showed capital balances
of: To P40,000; Mo P25,000; No
P5,000. The partner's profit and loss
ratio was 3:2:1 respectively. The
partners decided to liquidate the
partnership and sold all non cash
asset for 37,000. After settlement of
all the liabilities amounting to
12,000, they still have cash of
P28,000 left for distribution. How
much was the book value of
Noncash asset?
37,000
*
82,000
80,000
79,000
As of December 31, 2022, ToMoNo
Partnership showed capital balances
of: To P40,000; Mo P25,000; No
P5,000. The partner's profit and loss
ratio was 3:2:1 respectively. The
III
C)
* כ
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