The capital balances of Ces and Elaine before the admission of Jhim were P200,000 and P300,000, respectively. Jhim invested a certain amount for a 25% interest in the partnership. As a result of his admission, the old partners received a bonus of P25,000. How much did Jhim invest for his 25% interest in the partnership? A. P166,667 B. P175,000 C. P200,000 D. P125,000
The capital balances of Ces and Elaine before the admission of Jhim were P200,000 and P300,000, respectively. Jhim invested a certain amount for a 25% interest in the partnership. As a result of his admission, the old partners received a bonus of P25,000. How much did Jhim invest for his 25% interest in the partnership? A. P166,667 B. P175,000 C. P200,000 D. P125,000
Chapter11: Invest Or Losses
Section: Chapter Questions
Problem 51P
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The capital balances of Ces and Elaine before the admission of Jhim were P200,000 and P300,000, respectively. Jhim invested a certain amount for a 25% interest in the
A. P166,667
B. P175,000
C. P200,000
D. P125,000
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