Carbonel and Dimaano formed a partnership and agreed to divide initial capital equally, even though Carbonel contributed P81,250 and Dimaano contributed P68,250 in'identifiable assets. Under the bonus approach to adjust the capital accounts. Dimaano's unidentifiable assets should be debited for: a. P37,375 b. P13,000 C. P6,500
Carbonel and Dimaano formed a partnership and agreed to divide initial capital equally, even though Carbonel contributed P81,250 and Dimaano contributed P68,250 in'identifiable assets. Under the bonus approach to adjust the capital accounts. Dimaano's unidentifiable assets should be debited for: a. P37,375 b. P13,000 C. P6,500
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 38P
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Transcribed Image Text:5 Carbonel and Dimaano formed a partnership and agreed to divide initial
capital equally, even though Carbonel contributed P81,250 and Dimaano
contributed P68,250 in'identifiable assets. Under the bonus approach to
adjust the capital accounts. Dimaano's unidentifiable assets should be
debited for:
a. P37,375
b. P13,000
C. P6,500
d. 0
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