2 On July 1, 2016, Anne, Bianca, and Carla formed a business partnership to be operated as an advertising agency. Anne contributed P10M cash while Bianca shall have a capital credit of P6M upon receipt of bonus of P1M from Anne based on the provision in Articles of Co-Partnership. The terms of the agreement provides that Anne and Bianca shall have a combined40% capital inters in the newly formed partnership |What is the capital contribution made by Carla to the partnership? P 24,000,000 b. P 22,500,000 c P 25,000,000 d. P 32,000,000 a
2 On July 1, 2016, Anne, Bianca, and Carla formed a business partnership to be operated as an advertising agency. Anne contributed P10M cash while Bianca shall have a capital credit of P6M upon receipt of bonus of P1M from Anne based on the provision in Articles of Co-Partnership. The terms of the agreement provides that Anne and Bianca shall have a combined40% capital inters in the newly formed partnership |What is the capital contribution made by Carla to the partnership? P 24,000,000 b. P 22,500,000 c P 25,000,000 d. P 32,000,000 a
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 55P
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