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Old MathJax webview the following is capital balances and profit and loss sharing ratios for A and B partnership : A , capital 30% 20,000
Old MathJax webview
the following is capital balances and profit and loss sharing ratios for A and B partnership :
A , capital
30%
20,000
Capital
70%
30,000
At that date C is admitted as anew partner he invests 23,000 for 20% interests in partnership Required :answer the following: 1. Total partnership capital after admission under bonus? (1 point) 2. Capital to C under bonus? (1 point) (1 point) 3. Total capital under goodwill? 4. Capital to C under goodwill? (1 point) 5. Journal entry to record the admission of C under bonus? (3 point)Step by Step Solution
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