In the partnership of A, B and C, partner C decided to withdarw from the partnership. The partners share profits and losses in the ratio of 30%, 30%, 40%, respectively. The partners have the following capital balances just prior to C's withdrawal from the partnership. A - P45,000 B - 35,000 C - 20,000 Assuming the partners agree that the partnership will purchase C's interest for thirty two thousand and will revalue the partnership based on the price C is willing to accept for his interest in the partnership, the balance of B's capital immediately after the withdrawal of C is?
In the partnership of A, B and C, partner C decided to withdarw from the partnership. The partners share profits and losses in the ratio of 30%, 30%, 40%, respectively. The partners have the following capital balances just prior to C's withdrawal from the partnership. A - P45,000 B - 35,000 C - 20,000 Assuming the partners agree that the partnership will purchase C's interest for thirty two thousand and will revalue the partnership based on the price C is willing to accept for his interest in the partnership, the balance of B's capital immediately after the withdrawal of C is?
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3EA: The partnership of Tasha and Bill shares profits and losses in a 50:50 ratio, and the partners have...
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In the partnership of A, B and C, partner C decided to withdarw from the partnership. The partners share
A - P45,000
B - 35,000
C - 20,000
Assuming the partners agree that the partnership will purchase C's interest for thirty two thousand and will revalue the partnership based on the price C is willing to accept for his interest in the partnership, the balance of B's capital immediately after the withdrawal of C is?
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