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A, B and C share profits in the ratio of 2:3:5. On January 2, 2021 C opted to retire from the partnership. The capital
A, B and C share profits in the ratio of 2:3:5. On January 2, 2021 C opted to retire from the partnership. The capital balances on this date follow: A, Capital P 175,000 B. Capital C, Capital 280,000 245,000 How much will be the capital of B, assuming C sold his interest to B for P70,000?
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Accounting Information Systems The Processes and Controls
Authors: Leslie Turner, Andrea Weickgenannt
2nd edition
9781118473030, 1118162307, 1118473035, 978-1118162309
