, B, and C are partners sharing profits and losses in a 5:3:2 ratio. They have capital balances of P500,000; P300,000 and P200,000 respectively. B retires and receives only P240,000 from the partnership as it is deemed that firm's equipment is under depreciated. What is the capital balance of A after B's withdrawal

, B, and C are partners sharing profits and losses in a 5:3:2 ratio. They have capital balances of P500,000; P300,000 and P200,000 respectively. B retires and receives only P240,000 from the partnership as it is deemed that firm's equipment is under depreciated. What is the capital balance of A after B's withdrawal

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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