Question
Daza, Diaz, and Ditas are partners with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 3:4:3.
Daza, Diaz, and Ditas are partners with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 3:4:3. Diaz decides to withdraw from the partnership. Diaz receives p150,000 in settlement of his interest. If the bonus method is used, what is the total partnership capital immediately after the retirement of Diaz?
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Advanced Accounting
Authors: Debra C Jeter, Paul K Chaney
5th Edition
1118022297, 978-1118022290
