D FALCO, D LEVI, D ZEKE formed a partnership on April 1, 2020. They agreed that D FALCO will contribute office equipment with a total fair value of P320,000; D LEVI will contribute delivery equipment with a fair value of P640,000; and D ZEKE will contribute cash. If D ZEKE wants a 1/3 interest in the capital and profits, he should contribute cash in the amount of?

D FALCO, D LEVI, D ZEKE formed a partnership on April 1, 2020. They agreed that D FALCO will contribute office equipment with a total fair value of P320,000; D LEVI will contribute delivery equipment with a fair value of P640,000; and D ZEKE will contribute cash. If D ZEKE wants a 1/3 interest in the capital and profits, he should contribute cash in the amount of?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter15: Harvesting The Business Venture Investment

Section: Chapter Questions

Problem 1eM

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