The partnership of Doctor, Dino and Dolor has reached an impasse as Dolor is no longer...
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The partnership of Doctor, Dino and Dolor has reached an impasse as Dolor is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Dolor's withdrawal from the partnership. Doctor Dino Dolor P45,000 35,000 25,000 If Dino purchases Dolor's interest from Dolor for P32,000 and no asset revaluation is recorded, the balance of Dino capital account immediately after the withdrawal of Dolor is? The partnership of Doctor, Dino and Dolor has reached an impasse as Dolor is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Dolor's withdrawal from the partnership. Doctor Dino Dolor P45,000 35,000 25,000 If Dino purchases Dolor's interest from Dolor for P32,000 and no asset revaluation is recorded, the balance of Dino capital account immediately after the withdrawal of Dolor is?
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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