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Egay and Thessa formed a partnership and they agreed to share initial capital equally, although Egay contributed P150,00 and Thessa contributed P126,000 in identi able

Egay and Thessa formed a partnership and they agreed to share initial capital equally, although Egay contributed P150,00 and Thessa contributed P126,000 in identi able assets. Under the bonus approach to adjust the capital accounts, Thessa's unidenti able assets should be debited for P12,000 P-0P20,000 P59,000

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