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Use the following information for the next two items: The partners in ABC Co. had the following capital balances and P/L sharing percentages: A (50%)

Use the following information for the next two items: The partners in ABC Co. had the following capital balances and P/L sharing percentages: A (50%) P320,000; B (30%) P192,000, and C(20%) P128,000. 7...

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