Question
Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On June 1, 2021, the partner contributed another P20,000.
Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On June 1, 2021, the partner contributed another P20,000. On September 1, 2021, the partner withdrew P5,000 from the partnership. What is the weighted average capital balance using 10 months as the denominator (March - December)?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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