y his purchase of one-fourth of John’s interest for P300,000. They agreed to write off Accounts Receivable worth P 10,600. Fixed assets were under-depreciated by P 30,000. Payments of accounts payable in the amount of P 8,600 was not posted to the payable account. What amount shall be debited to John’s interest? *
y his purchase of one-fourth of John’s interest for P300,000. They agreed to write off Accounts Receivable worth P 10,600. Fixed assets were under-depreciated by P 30,000. Payments of accounts payable in the amount of P 8,600 was not posted to the payable account. What amount shall be debited to John’s interest? *
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 6BCRQ
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Question
Partners John and Paul divide
P127,620
P128,910
P130,200
P300,000
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT