Question
A, B and C partnership shows the following profit and loss ratios and capital balances: A 60% 252,000 B 30% 126,000 C 10% 42,000 The
A, B and C partnership shows the following profit and loss ratios and capital balances:
| A | 60% | 252,000 |
| B | 30% | 126,000 |
| C | 10% | 42,000 |
The partners decide to sell D 20% of their respective capital and profit and loss interests for a total payment of 90,000. D will pay directly to the partners. If the partners agreed to revalue the assets prior to the admission of D, what are the capital balances of the partners after his admission?
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Consolidated Financial Reporting
Authors: Paul Taylor
1st Edition
1853962503, 9781853962509
