
The capital accounts of the
Nakpil P 139,200 1/2
Ortiz 208,800 1/3
Perez 96,000 1/6
P 444,000
On June 1, 2005, Quizon is admitted to the partnership when he purchased, for P 132,000, a proportionate interest from Nakpil and Ortiz in the net assets and profits of the partnership. As a result of a transaction, Quizon acquired a one-fifth interest in the net assets and profits of the firm. Assuming that implied
a. P 0
b. P 43,200
c. P 62,400
d. P 82,000
please help me understand my activity and I hope you include the computations so that I can understand

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