A and B are partners sharing profits and losses equally and have the following capital balances:...

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A and B are partners sharing profits and losses equally and have the following capital balances: P50,000 and P75,000, respectively. C, new partner, acquired 25% interest in the partnership by way of direct purchase from A and B. Land is undervalued by P30,000 prior to C's admission. 4. What is the capital balance of A after admission of C? A. 26,250 B. 38,750 C. 48,750 D. 67,500 A and B are partners sharing profits and losses equally and have the following capital balances: P50,000 and P75,000, respectively. C, new partner, acquired 25% interest in the partnership by way of direct purchase from A and B. Land is undervalued by P30,000 prior to C's admission. 4. What is the capital balance of A after admission of C? A. 26,250 B. 38,750 C. 48,750 D. 67,500

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4 C 48750 is the correct alternative Explanation Journal Entries Account tit... View the full answer