Which of the following partnership transactions are merely transfers of equity?
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 55P
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Which of the following partnership transactions are merely transfers of equity?
South withdraws from the partnership when his interest was bought out by his co-partners West and East.
Southeast dies and his wife receives settlement amounting to P80,000 from the partnership.
North invests P20,000 cash for a 20% interest in the partnership. The partners agreed capital is P125,000 and the contributed capital of old partners are P105,000
Northwest retires from the partnership ad the partnership pays him P50,000 as full settlement of his capital balance.
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