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1 X and Y are partners sharing profits and losses on a 40:60 ratio and have the following capital balances: P100,000 and P200,000, respectively. Z
1 X and Y are partners sharing profits and losses on a 40:60 ratio and have the following capital balances: P100,000 and P200,000, respectively. Z directly purchased a 30% interest in the partnership by paying X P40,000 and Y P60,000. Net assets are fairly valued prior to Z's admission. What are the capital balances of the partners X, Y, Z immediately after Z's admission? 0 73,920 145,880 100,200 75.600 148,400 96.000 0 64,800 84,800 170,400 70,000 140.000 90.000 Previous Next
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