The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being
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The Mac-Don-Ald Partnership is being liquidated. All liabilities have been paid and the remaining assets are being realized gradually. The equity of the partners is as follows: MAC: Capital - ₱33,000, Loans Payable -₱7,000, P&L Ratio - 2; DON: Capital - ₱42,000, P&L Ratio - 3; ALD: Capital - ₱95,000, Loans Receivable -₱15,000, P&L Ratio - 5. The second cash payment to any partner/s under program of priorities shall be made thus: *
a. To Mac –₱4,000 and Ald –₱10,000
b. To Mac –₱4,000
c. To Mac – ₱6,000
d. To Ald – ₱10,000
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