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Bellow is the financial position of a partnership P Cash Liabilities 945,000 405,000 Loan Non Cash 3,735,000 Payable 135,000 Asset to R Loans K,
Bellow is the financial position of a partnership P Cash Liabilities 945,000 405,000 Loan Non Cash 3,735,000 Payable 135,000 Asset to R Loans K, Receivable 90,000 Capital 1,395,000 from K (40%) P, Capital 900,000 (30%) R, Total Capital 855,000 (30%) 4,230,000 Total 4,230,000 S is to be admitted with a 20% interest. How much should S contribute? 630,000 639,000 798,750 787,500
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