Question: need solutions thanks Problem 4: Ebay, Amazon and Sulit divide profits and losses in a 2:3:4 ratio. Just prior to liquidating their partnership, their respective

need solutions thanks

Problem 4: Ebay, Amazon and Sulit divide profits and losses in a 2:3:4 ratio. Just prior to liquidating their partnership, their respective account balances were P50,000, P96,000 and P74,000 as of April 1, 2009. Their total assets include cash of P5,000 and a loan to Ebay for P10,000, while their total liabilities of P90,000, include a loan from Sulit for P30,000. The partners agreed to distribute cash, as it becomes available, at month-end. Realization proceeds were P68,000 in April, P56,000 in May and P63,000 in June. In the cash distribution on June 30, 2009, Sulit will receive: A. P14,000 B. P28,000 Sni C. P21,000 D. P35,000

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