Question
ABC partners, whose total capital balance was P400,000, decided to admit D who invested P120,000 cash for a 20% interest in a partnership. The partners
A, B, and C's capital will decrease
D's equity will decrease
A, B, and C's capital will increase
D's equity will increase
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
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