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On October 1, Christina, Maya and Kim formed a partnership. They agreed that Christina will contribute office equipment with a total fair value of P80,000;
- On October 1, Christina, Maya and Kim formed a partnership. They agreed that Christina will contribute office equipment with a total fair value of P80,000; Maya will contribute delivery equipment with a fair value of P160,000; and Kim will contribute cash. If Kim wants to share 25% interest in the capital and in the profits, she should contribute cash amounting to:
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
