Question
Melina Sanchez and Sixto Dantes decided to form a partnership. Melina Sanchez invested the following: Cash of P150,000, Land costing P500,000 with an fair value
Melina Sanchez and Sixto Dantes decided to form a partnership. Melina Sanchez invested the following: Cash of P150,000, Land costing P500,000 with an fair value of P800,000; building, costing P600,000 with accumulated depreciation of P100,000 but with a fair market value of P450,000, and mortgage note payable of P100,000. The mortgage payable is to be assumed by the partnership. Sixto Dantes invested cash to give him 1/5 interest in the partnership.
How much was the total investment of Melina Sanchez?
Melina Sanchez and Sixto Dantes decided to form a partnership. Melina Sanchez invested the following: Cash of P150,000, Land costing P500,000 with an fair value of P800,000; building, costing P600,000 with accumulated depreciation of P100,000 but with a fair market value of P450,000, and mortgage note payable of P100,000. The mortgage payable is to be assumed by the partnership. Sixto Dantes invested cash to give him 1/5 interest in the partnership.
How much was the total investment of Sixto Sanchez?
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Dividend Policy On Share Price Volatility In Indian Stock Market
Authors: Vijay Deswal
1st Edition
3841859623, 978-3841859624
