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The following information pertains to ABC Partnership of A, B and C A. Capital (20%) P 200,000 B, Capital (30%) 200,000 C, Capital (50%)
The following information pertains to ABC Partnership of A, B and C A. Capital (20%) P 200,000 B, Capital (30%) 200,000 C, Capital (50%) 300,000 On this date, the partners agreed to admit D into the partnership. Assuming D purchased 50% from all the partners A, B, and C and pays total amount of P500,000 How much would be the personal gain of Partner A for selling his 50% interest to D?
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Accounting Information Systems The Processes and Controls
Authors: Leslie Turner, Andrea Weickgenannt
2nd edition
9781118473030, 1118162307, 1118473035, 978-1118162309
