Mallari and Chua are partners who share profits and losses in a ratio of 3:2, respectively. They have the following capital balances on September 30, 2018. Mallari, Capital P250,000 Cr. Chua, Capital P500,000 Cr. The partners agreed to admit Palatino to the partnership. Calculate the capital balances of each partner after the admission of Palatino, assuming that bonuses are recorded when appropriate for each of the following assumptions: Palatino invested P250,000 for a 20% interest in the partnership. Castro and Falceso are partners who share profits and losses in a ratio of 2:3, respectively, and have the following capital balances on September 30, 2019: Castro, Capital P100,000 Cr. Falceso, Capital P150,000 Cr. The partners agreed to admit Garachico to the partnership. Calculate the capital balances of each partner after the admission of Garachico, assuming that bonuses are recorded when appropriate for each of the following assumptions: Garachico invested P50,000 for a 15% interest in the partnership
Mallari and Chua are partners who share profits and losses in a ratio of 3:2, respectively. They have the following capital balances on September 30, 2018. Mallari, Capital P250,000 Cr. Chua, Capital P500,000 Cr. The partners agreed to admit Palatino to the partnership. Calculate the capital balances of each partner after the admission of Palatino, assuming that bonuses are recorded when appropriate for each of the following assumptions: Palatino invested P250,000 for a 20% interest in the partnership. Castro and Falceso are partners who share profits and losses in a ratio of 2:3, respectively, and have the following capital balances on September 30, 2019: Castro, Capital P100,000 Cr. Falceso, Capital P150,000 Cr. The partners agreed to admit Garachico to the partnership. Calculate the capital balances of each partner after the admission of Garachico, assuming that bonuses are recorded when appropriate for each of the following assumptions: Garachico invested P50,000 for a 15% interest in the partnership
Chapter10: Partnerships: Formation, Operation, And Basis
Section: Chapter Questions
Problem 59P
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Mallari and Chua are partners who share profits and losses in a ratio of 3:2, respectively. They have the following capital balances on September 30, 2018.
Mallari, Capital P250,000 Cr.
Chua, Capital P500,000 Cr.
The partners agreed to admit Palatino to the partnership .
Calculate the capital balances of each partner after the admission of Palatino, assuming that bonuses are recorded when appropriate for each of the following assumptions:
Palatino invested P250,000 for a 20% interest in the partnership.
Castro and Falceso are partners who share profits and losses in a ratio of 2:3, respectively, and have the following capital balances on September 30, 2019:
Castro, Capital P100,000 Cr.
Falceso, Capital P150,000 Cr.
The partners agreed to admit Garachico to the partnership.
Calculate the capital balances of each partner after the admission of Garachico, assuming that bonuses are recorded when appropriate for each of the following assumptions:
Garachico invested P50,000 for a 15% interest in the partnership
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