Question
allan and Dino are partners with capitals of P 80,000 and P 40,000 respectively. They share profits in the ratio of 3:1. The partners agree
allan and Dino are partners with capitals of P 80,000 and P 40,000 respectively. They share profits in the ratio of 3:1. The partners agree to admit Caleb as a member of the firm. If IVVY invests P 30,000 for a 15% interest in the firm, what is Dino's capital after the admission of IVVY?
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The Essential Handbook Of Internal Auditing
Authors: K. H. Spencer Pickett
1st Edition
0470013168, 978-0470013168
