ABC partners, whose total capital balance was P400,000, decided to admit D who invested P80,000 cash for

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ABC partners, whose total capital balance was P400,000, decided to admit D who invested P80,000 cash for a 15% interest in a partnership. total agreed capital will be equal to the capital contributions. The accountant should recognize a

a. Asset revaluation for D

b. Bonus to A, B, and C

c. Bonus to D

d. Asset revaluation for A, B, and C

Related Book For answer-question

Fundamentals of Statistics

ISBN: 978-0321844606

4th edition

Authors: Michael Sullivan

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Posted Date: Mar 02, 2022 04:00 AM

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ABC partners, whose total capital balance was P400,000, decided to admit D who invested P80,000 cash for

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When partner is admitted into the partnership any existing rese... View the full answer

Fundamentals of Statistics

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