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PROBLEM 2- 13 abe odi losiobo e no Presented below is the condensed statement of financial position of the ABC Partnership: 00006 000 Liabilities NNS P80,000 AA, capital (60%) BB, capital (30%)on 126,000 M CC, capital (10%) 42,000e Total Cash P85,000 415,000 252,000i Other assets Total P500,000 P500,000 The partners agreed to sell DD 20% of their respective capital and profit or los- interests for a total payment of P90,000. How much is the capital balance of each partner after the admission of DD2

PROBLEM 2- 13 abe odi losiobo e no Presented below is the condensed statement of financial position of the ABC Partnership: 00006 000 Liabilities NNS P80,000 AA, capital (60%) BB, capital (30%)on 126,000 M CC, capital (10%) 42,000e Total Cash P85,000 415,000 252,000i Other assets Total P500,000 P500,000 The partners agreed to sell DD 20% of their respective capital and profit or los- interests for a total payment of P90,000. How much is the capital balance of each partner after the admission of DD2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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PROBLEM 2- 13 Presented below is the condensed statement of financial position of the ABC Partnership: 000 0T Cash Liabilities NAVIS P80,000 AA, capital (60%) BB, capital (30%)n 126,000 CC, capital (10%) 42,000 Total g P85,000 415,000 252,000 Other assets Istiq Total Is P500,000 P500,000 The partners agreed to sell DD 20% of their respective capital and profit or loss interests for a total payment of P90,000. How much is the capital balance of each partner after the admission of DD?
Transcribed Image Text:PROBLEM 2- 13 Presented below is the condensed statement of financial position of the ABC Partnership: 000 0T Cash Liabilities NAVIS P80,000 AA, capital (60%) BB, capital (30%)n 126,000 CC, capital (10%) 42,000 Total g P85,000 415,000 252,000 Other assets Istiq Total Is P500,000 P500,000 The partners agreed to sell DD 20% of their respective capital and profit or loss interests for a total payment of P90,000. How much is the capital balance of each partner after the admission of DD?
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