The old partnership of A & B reported the following: Partners A B Capital 200,000 Profit or Loss ratio 40% 300,000 60% If C is to be admitted for 20% interest in the partnership's assets and 20% profit sharing by investing P125,000. Compute the new P&L ratio of B.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The old partnership of A & B reported the following:
Partners
A
B
Capital
200,000
Profit or
Loss ratio
40%
300,000 60%
If C is to be admitted for 20% interest in the partnership's assets and 20% profit sharing by investing P125,000. Compute the new P&L
ratio of B.
Transcribed Image Text:The old partnership of A & B reported the following: Partners A B Capital 200,000 Profit or Loss ratio 40% 300,000 60% If C is to be admitted for 20% interest in the partnership's assets and 20% profit sharing by investing P125,000. Compute the new P&L ratio of B.
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