Question
If the original partnership capital is P100,000 and the new partner is admitted by investing P10,000 for 20% interest in the partnership under bonus
If the original partnership capital is P100,000 and the new partner is admitted by investing P10,000 for 20% interest in the partnership under bonus method, the new partnership's accounting elements would be: Net assets Total capital P125,000. P110,000. a. b. P125,000 P125,000 C. P110,000 d P100,000 P110,000. P100,000.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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