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Mary Rose, Maricel, and Vanessa formed a partnership on October 1, 20x4. They agreed that Mary Rose will contribute office equipment with a total fair
Mary Rose, Maricel, and Vanessa formed a partnership on October 1, 20x4. They agreed that Mary Rose will contribute office equipment with a total fair value of P40,000; Maricel will contribute delivery equipment with a fair value of P80,000 and Vanessa will contribute cash. If Vanessa wants a one-third interest in the capital and profits, she must contribute cash in the amount of
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