Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission...

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Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission of Mario is Jeff - P300,000 and Richard - P200,000. P/L ratio of 3:2 to Jeff and Richard. toqub bre If Mario purchased half of the interest of partnership by paying P305,000, how much will be received by Jeff and Richard, respectively? Jeff 150K +33k = 183k Richard look +22+ 122k M3 Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission of Mario is Jeff - P300,000 and Richard - P200,000. P/L ratio of 3:2 to Jeff and Richard. toqub bre If Mario purchased half of the interest of partnership by paying P305,000, how much will be received by Jeff and Richard, respectively? Jeff 150K +33k = 183k Richard look +22+ 122k M3

Answer rating: 100% (QA)

Before the admission of Mario the total capital of the partnership is the sum of Jeffs capital and R... View the full answer