Aika and Nicole's capital is P600,000 and P480,000. Profit and share ratio is 7:3. Princess directly purchased a 1/3 interest by paying Aika P195,000 and Nicole P225,000. Their Land Account is increased by P180,000 before Princess is accepted. 10. What is the capital of Aika after admitting Princess? a. 300,000 b. 356,000 c. 420,000 d. 484,000 11. What is the capital of Nicole after admitting Princess? a. 300,000 b. 356,000 c. 420,000 d. 484,000 12. What is the capital of Princess after admission? a. 300,000 b. 356,000 c. 420,000 d. 484,000
Aika and Nicole's capital is P600,000 and P480,000. Profit and share ratio is 7:3. Princess directly purchased a 1/3 interest by paying Aika P195,000 and Nicole P225,000. Their Land Account is increased by P180,000 before Princess is accepted. 10. What is the capital of Aika after admitting Princess? a. 300,000 b. 356,000 c. 420,000 d. 484,000 11. What is the capital of Nicole after admitting Princess? a. 300,000 b. 356,000 c. 420,000 d. 484,000 12. What is the capital of Princess after admission? a. 300,000 b. 356,000 c. 420,000 d. 484,000
Chapter18: Corporations: Organization And Capital Structure
Section: Chapter Questions
Problem 36P
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