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C was admitted to the partnership when he invested P60,000 cash for a 20% interest in the partnership Immediately prior to C's admission, the carrying
C was admitted to the partnership when he invested P60,000 cash for a 20% interest in the partnership Immediately prior to C's admission, the carrying amounts and fair values of the assets and liabilities of the partnership are as follows: Carrying amount Fair value Cash 20,000 20,000 Equipment 340,000 320,000 Accounts payable 10,000 10.000 Provision for warranty obligation 5,000 A, Capital (40%) 130,000 NA B, Capital (60%) 220,000 NA How much is the capital balance of B after the admission of C
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