KINDLY ANSWER NO. 4

For No. 4 On December 31, 2018, the Statement of Financial Position of ABC Partnership provided the following data with profit and loss ratio of 5:1:4; Current assets Noncurrent assets 3,000,000 4,000,000 Total liabilities A, Capital B, Capital C, Capital 1,000,000 2,200,000 2,400,000 1,400,000 On January 1, 2019, D is admitted to the partnership by investing P 1,000,000 to the partnership for 10% capital interest. The total agreed capitalization of the new partnership is P 6,000,000 4. What is the capital balance of C after the admission of D to the partnership? A. 1,160,000 B. 1,640,000 C. 1,000,000 D. 1,560,000