Question
A, B and C are partners with capital balances and profit and loss ratios of P50,000 (30%), P70,000 (20%) and P79,500 (50%), each respectively. The
A, B and C are partners with capital balances and profit and loss ratios of P50,000 (30%), P70,000 (20%) and P79,500 (50%), each respectively. The partnership owes C P20,000, while B owes the partnership P10,000. D is admitted into the partnership by purchasing 1/2 of the capital of A and B for P70,000 and investing P30,000 for a 40% interest in the partnership. The partners agree that there should be asset revaluation. After D's admission, total partnership capital will be P275,000.
How much is the capital of C after D's admission?
How much is the bonus of C from D after D's admission?
How much is the capital of A after D's admission?
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
