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. 1. Val, Jerome and Michael are partners with capital balances on December 31, 20x5 of P300,000, P300,000, and P200,000, respectively. Profits are shared equally.

. 1. Val, Jerome and Michael are partners with capital balances on December 31, 20x5 of P300,000, P300,000, and P200,000, respectively. Profits are shared equally. Michael wishes to withdraw and it ...

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