Honey and Hanna are partners with a profit and loss ratio of 60% and 40%, respectively. Their capital balances before dissolution were P 60,000 and P 40,000, respectively. If Harold will be admitted by purchasing half of Hanna's interest for P 35,000, how much will be Hanna's capital after the sale?
Honey and Hanna are partners with a profit and loss ratio of 60% and 40%, respectively. Their capital balances before dissolution were P 60,000 and P 40,000, respectively. If Harold will be admitted by purchasing half of Hanna's interest for P 35,000, how much will be Hanna's capital after the sale?
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 1PA: The partnership of Tatum and Brook shares profits and losses in a 60:40 ratio respectively after...
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