What is the amount received by partner F on January 31, 20x21?
On December 31, 20x20, the
|
Cash |
P15,000,000 |
Liabilities to others |
P20,000,000 |
|
Other Noncash asset |
40,000,000 |
U, Capital |
15,000,000 |
|
|
|
F, Capital |
12,500,000 |
|
|
|
C, Capital |
7,500,000 |
On January 1, 20x21, the partners decided to wind up the partnership affairs. During the winding up, liquidation expenses amounted to P2,000,000 were paid. Non-cash assets with book value of P30,000,000 were sold during January. 40% of total liabilities were also paid during January. P3,000,000 cash was withheld during January for future liquidation expenses. On January 31, 20x21, partner U received P10,000,000.
What is the amount received by partner F on January 31, 20x21?
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