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The following are the capital account balances and profit and loss ratios of the partners in AB Partnership as of July 1, 2020: Capital accounts
The following are the capital account balances and profit and loss ratios of the partners in AB Partnership as of July 1, 2020: Capital accounts Profit & loss ratios A, Capital 250,000 40% B, Capital 350.000 60% On July 1, 2020, C was admitted to the partnership when he purchased half of A's capital interest for P100,000. How much is A's capital balance after the admission of C
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