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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 P448,000,P1,560,000, and P680,000, sharing profits and losses
of 6:4:2. Jamie is admitted as a new partner bringing with him expertise and is to invest cash for 25% interest in the
partnership, which includes a credit of P420,000 bonus upon his admission.
How much cash should Jamie contribute?
a.336,000
b.420,000
c.756,000
d.3,024,000
How much should be credited to Jamie s capital?
a.336,000
b.420,000
c.756,000
d.3,024,000
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