A and B are partners sharing profits and losses in the ratio of 3:2. They admitted C
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A and B are partners sharing profits and losses in the ratio of 3:2. They admitted C into the partnership with a 20% share of profits. The new profit-sharing ratio between A, B, and C becomes 2:2:1. Calculate the new ratio between A and C.
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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