Mar and Ria agreed to form a partnership with a total contribution of P500,000 cash. Required:...
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Mar and Ria agreed to form a partnership with a total contribution of P500,000 cash. Required: make the journal entries for the partner's respective initial contribution to the partnership assuming that: 1. There was no agreement as to how much would be the specific share of each partner. 2. The contribution would be 60% and 40% for Mar and Ria, respectively. Mar and Ria agreed to form a partnership with a total contribution of P500,000 cash. Required: make the journal entries for the partner's respective initial contribution to the partnership assuming that: 1. There was no agreement as to how much would be the specific share of each partner. 2. The contribution would be 60% and 40% for Mar and Ria, respectively.
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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