The capital balances in the BEE are Betty’s capital P600,000, Eli’s capital P500,000, and Edna’s capital P400,000, and income ratios are 5:3:2, respectively. The BEER Partnership is formed by admitting Rina to the firm with a cash investment of P600,000 for a 25% capital interest. The bonus to be credited to Edna’s capital in admitting Rina is?

The capital balances in the BEE are Betty’s capital P600,000, Eli’s capital P500,000, and Edna’s capital P400,000, and income ratios are 5:3:2, respectively. The BEER Partnership is formed by admitting Rina to the firm with a cash investment of P600,000 for a 25% capital interest. The bonus to be credited to Edna’s capital in admitting Rina is?

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 23P

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