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Problem 1. Mocha and Sass are partners with capitals of P240,000 and P120,000 respectively. They share profits in the ratio of 3 :1. The partners

Problem 1. Mocha and Sass are partners with capitals of P240,000 and P120,000 respectively. They share profits in the ratio of 3 :1. The partners agree to admit Bato as a member of the firm. Required:...

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