A’s capital balance after recording the withdrawal of E is?

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations
Section: Chapter Questions
Problem 47P
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Capital balances in the CARE Partnership are C’s capital P500,000, A’s capital P400,000, R’s capital P300,000, and E’s capital P200,000, and income ratios are 4:3:2:1, respectively. E withdraws from the firm following payment of P290,000 in cash from the partnership. A’s capital balance after recording the withdrawal of E is?

 

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