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Posted on May 25, 2024

Ester, Judith and Martha were partners with capital balances on January 2, 2009 of P70,000, P84,000 and P62,000, respectively. Their loss sharing ratio is 3:5:2.

Ester, Judith and Martha were partners with capital balances on January 2, 2009 of P70,000, P84,000 and P62,000, respectively. Their loss sharing ratio is 3:5:2. On may 1, 2009, Ester retires form the...

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