Robert, Mico and Aaron formed a partnership on March 01, 2019 with original capital contributions of...
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Robert, Mico and Aaron formed a partnership on March 01, 2019 with original capital contributions of P300,000, P100,000 and P400,000, respectively. On April 30, 2019, all the partners agreed to invest additional capital of P100,000 each. On August 01, all partners agreed to have the same level of contributed capital at P500,000. How much is the average capital balance of Mico for the 10-month period ending December 31, 2019? Robert, Mico and Aaron formed a partnership on March 01, 2019 with original capital contributions of P300,000, P100,000 and P400,000, respectively. On April 30, 2019, all the partners agreed to invest additional capital of P100,000 each. On August 01, all partners agreed to have the same level of contributed capital at P500,000. How much is the average capital balance of Mico for the 10-month period ending December 31, 2019?
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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