The second cash payment to any partner/s under the program of priorities shall be made thus

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The second cash payment to any partner/s under the program of priorities shall be made thus?

17. The second cash payment to any partner/s under the program of
priorities shall be made thus:
17. JOI partnership is undergoing liquidation. All
liabilities have been paid and the remaining
assets are being realized gradually. The
equity of the partners is as follows:
Loans to (from) Profit and
Capital balances Partnership Loss Ratio
Jay
P24,000
P6,000
Oyi
36,000
la
60,000
(10,000)
The second cash payment to any partner/s
under the program of priorities shall be
made thus:
334
Transcribed Image Text:17. The second cash payment to any partner/s under the program of priorities shall be made thus: 17. JOI partnership is undergoing liquidation. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: Loans to (from) Profit and Capital balances Partnership Loss Ratio Jay P24,000 P6,000 Oyi 36,000 la 60,000 (10,000) The second cash payment to any partner/s under the program of priorities shall be made thus: 334
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