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    essej's Avatar
    essej Posts: 2, Reputation: 1
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    #1

    Dec 31, 2010, 01:04 AM
    Partnership liquidation
    Barbara and streisand are partners sharing profits and losses in the ratio of 55% and 45%.Barbara's capital investment is P18,000 and streisand's is P14,000.It is decided by the partners that the business should be terminated.The firm has liabilities of P28,800.Barbara has a loan of P3600 and streisand's has P 2400.Afterrealization,the cash on hand amounts to P30,000.Any deficient partner is insolvent.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Dec 31, 2010, 01:05 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
    essej's Avatar
    essej Posts: 2, Reputation: 1
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    #3

    Dec 31, 2010, 01:08 AM
    Comment on Curlyben's post
    How to solve this problem??
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