On January 1. 20x20, ACJ Partnership entered into liquidation. The partners' capital balances on this date were as follows: A (25%) P2.500,000: C (35%) P5.400.000; J (40%) P3,700,000. The partnership...

On January 1. 20x20, ACJ Partnership entered into liquidation. The partners' capital balances on this date were as follows: A (25%)<br>P2.500,000: C (35%) P5.400.000; J (40%) P3,700,000. The partnership has liabilities amounting to P4.400.000, including a loan from C<br>P600.000. Cash on hand before the start of liquidation is P800,000.<br>If C received P2.255.000. How much was the loss from the realization ol the noncash assets?<br>

Extracted text: On January 1. 20x20, ACJ Partnership entered into liquidation. The partners' capital balances on this date were as follows: A (25%) P2.500,000: C (35%) P5.400.000; J (40%) P3,700,000. The partnership has liabilities amounting to P4.400.000, including a loan from C P600.000. Cash on hand before the start of liquidation is P800,000. If C received P2.255.000. How much was the loss from the realization ol the noncash assets?

Jun 11, 2022

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On January 1. 20x20, ACJ Partnership entered into liquidation. The partners' capital balances on this date were as follows: A (25%) P2.500,000: C (35%) P5.400.000; J (40%) P3,700,000. The partnership...

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