Question
ABC partners, whose total capital balance was P400,000, decided to admit D who invested P80,000 cash for a 15% interest in a partnership. total agreed
ABC partners, whose total capital balance was P400,000, decided to admit D who invested P80,000 cash for a 15% interest in a partnership. total agreed capital will be equal to the capital contributions. The accountant should recognize a
a. Asset revaluation for D
b. Bonus to A, B, and C
c. Bonus to D
d. Asset revaluation for A, B, and C
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Step: 1
When partner is admitted into the partnership any existing rese...
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Fundamentals Of Statistics
Authors: Michael Sullivan III
4th Edition
978-032184460, 032183870X, 321844602, 9780321838704, 978-0321844606
