Question
The following capital accounts pertain to AB Partnership: Capital P/L Ratio A P200,000 40% B 240,000 60% C is admitted by purchase of one-half interest
The following capital accounts pertain to AB Partnership:
Capital P/L Ratio
A P200,000 40%
B 240,000 60%
C is admitted by purchase of one-half interest of both A and B, for P240,000, the P240,000 is divided between A and B.
How much is the share to be received by B?
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Finance The Basics
Authors: Erik Banks
1st Edition
0415384575, 9780415384575
