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Partners Chung, Detoya, and Digao share profits and losses in a 3:1:2 ratio, respectively. Detoya wishes to leave the partnership, so the assets are revalued
Partners Chung, Detoya, and Digao share profits and losses in a 3:1:2 ratio, respectively. Detoya wishes to leave the partnership, so the assets are revalued and are to be overvalued by P300,000. If each partner had a capital balance of P500,000 prior to Detoya's notification of withdrawal, what amount should Detoya be allowed to withdraw from the partnership?
Select one: a. P500,000 b. P450,000 c. P400,000 d. P550,000
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