P 5,000 2,500 12,500 7,000 3,000 P30,000 Cash Other non-cash assets P2,000 28,000 Liabilities De Mesa, Loan De Mesa, Capital Tudtud. Capital Apostol, Capital Total Total P30,000 Profit and loss ratio is 3:2:1 for De Mesa, Tudtud and Apostol, respectively. Cash is distributed as assets are realized. Other assets were realized as follows: Date Cash Received Book Value January 2011 February 2011 March 2011 P 6,000 3,500 12,500 P 9,000 7,700 11,300 How much is the total cash received by Tudtud and cash received by Apostol in January
P 5,000 2,500 12,500 7,000 3,000 P30,000 Cash Other non-cash assets P2,000 28,000 Liabilities De Mesa, Loan De Mesa, Capital Tudtud. Capital Apostol, Capital Total Total P30,000 Profit and loss ratio is 3:2:1 for De Mesa, Tudtud and Apostol, respectively. Cash is distributed as assets are realized. Other assets were realized as follows: Date Cash Received Book Value January 2011 February 2011 March 2011 P 6,000 3,500 12,500 P 9,000 7,700 11,300 How much is the total cash received by Tudtud and cash received by Apostol in January
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
From the records of the DTA
*please refer on the image below
Transcribed Image Text:P 5,000
2,500
12,500
7,000
3,000
P30,000
Cash
P2,000
28,000
Liabilities
Other non-cash assets
De Mesa, Loan
De Mesa, Capital
Tudtud. Capital
Apostol, Capital
Total
Total
P30,000
Profit and loss ratio is 3:2:1 for De Mesa, Tudtud and Apostol, respectively. Cash is
distributed as assets are
realized. Other assets were realized as follows:
Date
Cash Received
Book Value
January 2011
February 2011
March 2011
P 6,000
3,500
12,500
P 9,000
7,700
11,300
How much is the total cash received by Tudtud and cash received by Apostol in January
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