balances: A (60%) P100,000; B (30%) P60,0003; and C (10%) P20,000. A, B and C are...
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balances: A (60%) P100,000; B (30%) P60,0003; and C (10%) P20,000. A, B and C are partners with the following P/L ratio and can capital D wants to infuse capital to the partnership for a 10% interest in the net assets and profits. The partners determine that the net assets are fairly valued except for land carried at P365,000 but has a fair value of P410,000. If no bonus is to be given to any partner, how much is D's required investment? balances: A (60%) P100,000; B (30%) P60,0003; and C (10%) P20,000. A, B and C are partners with the following P/L ratio and can capital D wants to infuse capital to the partnership for a 10% interest in the net assets and profits. The partners determine that the net assets are fairly valued except for land carried at P365,000 but has a fair value of P410,000. If no bonus is to be given to any partner, how much is D's required investment?
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Related Book For
Taxation for Decision Makers 2017
ISBN: 9781119373735
7th edition
Authors: Shirley Dennis-Escoffier, Karen Fortin
Posted Date:
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