Documents Chapter a a 1 Sol

CHAPTER 3 Partnership Liquidation EXERCISES Exercise 3 - 1 Capital balances before liquidation Loan from partners Total partners’ interest Loss on realization (P46,000…

Documents ADVANCED ACCOUNTING LUPISAN

SUGGESTED ANSWERS AA1 - Chapter 3 (2008 edition) page 9 CHAPTER 3 Partnership Liquidation EXERCISES Exercise 3 - 1 Aguilar Benito Casimiro David Capital balances before liquidation…

Documents Advance Acctg. Dayag 2013

Chapter 3 Problem I 1. Ben, capital 350,000 Pet, capital (50% x P700,000) 350,000 2. The total capital of BIG Entertainment Galley remains at P1,480,000. The total amount…