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Posted on Jul 08, 2024

Tolentino invested P400,000 for a 20% interest in a partnership that has a capital totaling P150,000 after admitting Toletino. Which of the following is true?

Select one:

a. The original partners received a bonus of P100,000

b. Tolentino receives a bonus of P100,000

c. Tolentino capital is P400,000

d. The original partners' capital in the business was P1,200,000 before admitting Tolentino.

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