1.

The amount of noncash assets before liquidation is

a. 220,000 c. 210,000 e. none of these
b. 218,600 d. 208,600

2. The amount to be realized by the partnership on the sale of its assets so that
Amy will receive a total of P38,000 in the final settlement of her interest is?
a. 206,600 c. 238,600 e. none of these
b. 18,600 d. 12,000

3. Assuming Wisky received a total of P66,000, the amount that Troy would have received
using priority program is
a. 0 c. 10,000 e. 40,335 g. none of these
b. 4,000 d. 43,333 f. 45,330