Joshua Jacob and Paul are partners with capital balances of P32,000, 80,000, and P16,000 respectively. The partners
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Joshua Jacob and Paul are partners with capital balances of P32,000, 80,000, and P16,000 respectively. The partners share profits and losses in the ratio of 4:3:2. Jeremiah is admitted in the partnership. It was agreed that he invests cash for a 20% interest considering the transfer of capital from him of P30,000 upon admission.
How much is the capital of Joshua after Jeremiah's admission?
Related Book For
Principles Of Taxation For Business And Investment Planning 2018
ISBN: 9781259713729
21st Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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