Solution-How much should be paid to partner l

How much should be paid to partner l

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Question - On January 3, 2023, L, A, and Z formed a partnership, agreeing to divide profits 2:1:1, respectively. On July 31, 2023, with operations going unfavorable, the partners decided to dissolve the firm. The following data are available:

	L	A	Z
Capital Contributions	50,000	22,500	20,000
Drawings	15,000	10,000	10,000
Net Loss, July 31, P30,000	15,000	7,500	7,500

After realization, the net assets of the firm are valued at P65,000. In the settlement to the partners, how much should be paid to partner L?

Reference no: EM133160180

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How much should be paid to partner l

Reference no: EM133160180

Reference no: EM133160180

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