Question
Partner Ae first contributed P50,000 of capital into existing partnership on March 1, 2019.On June 1, 2019, said partner contributed another P20,000. On September 1,
Partner Ae first contributed P50,000 of capital into existing partnership on March 1, 2019.On June 1, 2019, said partner contributed another P20,000. On September 1, 2019, he withdrew P15,000 from the partnership. Withdrawal in excess of P10,000 are charged to partner's capital accounts. What is the annual weighted average capital balance of Partner Ae?32,500
60,000
51,667
48,333
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Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
1259726916, 978-1259726910
