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Mark, Dave and Jim are partners with capital balances of P 4 4 8 , 0 0 0 , P 1 , 5 6 0
Mark, Dave and Jim are partners with capital balances of and sharing profits and losses of :: Jamie is admitted as a new partner bringing with him expertise and is to invest cash for interest in the partnership, which includes a credit of P bonus upon his admission. How much cash should Jamie contribute? a b c d How much should be credited to Jamie s capital? a b c d
Mark, Dave and Jim are partners with capital balances of and sharing profits and losses
of :: Jamie is admitted as a new partner bringing with him expertise and is to invest cash for interest in the
partnership, which includes a credit of P bonus upon his admission.
How much cash should Jamie contribute?
a
b
c
d
How much should be credited to Jamie s capital?
a
b
c
d
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