Transcribed Image Text: Question 4 * On June 11, 2020, Moly, Nora and Olga form a partnersp investing cash of P15,000,

Excerpt
P30,000. Olga has personal assets of P1,500 that may, if necessary, be used to meet partnersp obligations. How much should be distributed to Nora upon liquidation of the partnersp? A. P4,000 В. Р2,040 C. P4,860 D. Zero Choice A Choice B Choice C Choice D

Transcribed Image Text: Question 4 *
On June 11, 2020, Moly, Nora and Olga form a partnersp investing cash of P15,000,
P13,500, and P4,200, respectively. The partners share profits of 3:2:2 and on August
30, 2020, they have cash of P1,000, and other assets of P47,500; liabilities are
P25,600. On ts date they decide to go out of business and sell all the assets for
P30,000. Olga has personal assets of P1,500 that may, if necessary, be used to meet
partnersp obligations. How much should be distributed to Nora upon liquidation of the
partnersp?
A. P4,000
В. Р2,040
C. P4,860
D. Zero
Choice A
Choice B
Choice C
Choice D

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