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Partners bloom ,techna, flora have capital balances of P120,000, P155,000, and P115,000 respectively. The partnership generated net loss of P140,000 during the year. They share
Partners bloom ,techna, flora have capital balances of P120,000, P155,000, and P115,000 respectively. The partnership generated net loss of P140,000 during the year. They share profits and losses 2:5:1 respectively. Due to disagreement partner techna wants out of the partnership. Before retirement, the value of their inventory increased from P85,000 to P97,000. The partners decided to pay partner techna P70,000 upon retirement. Group of answer choices 298,000 8,000 264,000 42,000
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