Anne Evans started has a beginning capital balance of P200,000. During the year, her share to the partnership net income is P170,000 and she withdrew P40,000 for personal use. Additional capital contribution made by Anne is P60,000 during the year. The amount of Anne's capital balance that will be reported on the year-end balance sheet will be

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter21: Partnerships
Section: Chapter Questions
Problem 2BCRQ
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Anne Evans started has a beginning capital balance of P200,000. During the year, her
share to the partnership net income is P170,000 and she withdrew P40,000 for
personal use. Additional capital contribution made by Anne is P60,000 during the
year. The amount of Anne's capital balance that will be reported on the year-end
balance sheet will be
Transcribed Image Text:Anne Evans started has a beginning capital balance of P200,000. During the year, her share to the partnership net income is P170,000 and she withdrew P40,000 for personal use. Additional capital contribution made by Anne is P60,000 during the year. The amount of Anne's capital balance that will be reported on the year-end balance sheet will be
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