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AB Partnership earned profit pf 120,000 in 20x1. What is the capital balance of A on December 31, 20x1? AB Partnership was formed on February

AB Partnership earned profit pf 120,000 in 20x1. What is the capital balance of A on December 31, 20x1?
AB Partnership was formed on February 28, 20x1. Partner A invested P150,000 cash while Partner B invested land that he originally bought for P70,000 but has a current fair value of #180,000. B invested additional cash of #60,000 on November 1, 20x1. The partnership contract states the following: A B Monthly salary (recognized as 10,000 20,000 expenses and withdrawn periodically) Interest on beginning capital 12% p.a. 12% p.a. Bonus on profit before salaries 20% and interest but after bonus . Remaining profit or loss 50% 50%

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