3. On July 1, 2020, the partnership recorded a P100,000 additional capital contribution by Jek. Roel made no additional capital contributions during the year. Determine the share of partner Roel on the net Income of 2020, A. P46,100 B. (P21,100) C. (P19,100) Determine the ending capital balance of partner Jek on December 31, 2020. A. P480,900 B. P580,900 C. P694,100 D. P44,100 D. P478,900
3. On July 1, 2020, the partnership recorded a P100,000 additional capital contribution by Jek. Roel made no additional capital contributions during the year. Determine the share of partner Roel on the net Income of 2020, A. P46,100 B. (P21,100) C. (P19,100) Determine the ending capital balance of partner Jek on December 31, 2020. A. P480,900 B. P580,900 C. P694,100 D. P44,100 D. P478,900
Chapter10: Partnerships: Formation, Operation, And Basis
Section: Chapter Questions
Problem 59P
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