A and B are partners in AB Partnership with the following capital balances as of October...
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A and B are partners in AB Partnership with the following capital balances as of October 31, prior to admission of C: A, Capital (40%) B, Capital (60%) P60,000 Question 33 60,000 C is to be admitted into the partnership by investing additional cash of P48,000 for a 25% interest. How much is the capital credited to C upon his admission in the ABC Partnership? In the previous problem pertaining to ABC Partnership, how much is the capital of A after the admission of C? 0/1 pts A and B are partners in AB Partnership with the following capital balances as of October 31, prior to admission of C: A, Capital (40%) B, Capital (60%) P60,000 Question 33 60,000 C is to be admitted into the partnership by investing additional cash of P48,000 for a 25% interest. How much is the capital credited to C upon his admission in the ABC Partnership? In the previous problem pertaining to ABC Partnership, how much is the capital of A after the admission of C? 0/1 pts A and B are partners in AB Partnership with the following capital balances as of October 31, prior to admission of C: A, Capital (40%) B, Capital (60%) P60,000 Question 33 60,000 C is to be admitted into the partnership by investing additional cash of P48,000 for a 25% interest. How much is the capital credited to C upon his admission in the ABC Partnership? In the previous problem pertaining to ABC Partnership, how much is the capital of A after the admission of C? 0/1 pts A and B are partners in AB Partnership with the following capital balances as of October 31, prior to admission of C: A, Capital (40%) B, Capital (60%) P60,000 Question 33 60,000 C is to be admitted into the partnership by investing additional cash of P48,000 for a 25% interest. How much is the capital credited to C upon his admission in the ABC Partnership? In the previous problem pertaining to ABC Partnership, how much is the capital of A after the admission of C? 0/1 pts
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To compute for the capital credited to C upon his admission we need to first determine the total capital of the partnership after the admission of C T... View the full answer
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-0077862237
6th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Posted Date:
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