A. 68,000; 32,000; 50,000 B. 66,667; 33,333; 50,000 C. 50,000, 50,000, 50,000 D. 60,000, 60,000, 60,000 15. In the AB partnership, A's capital is P150,000 and B's capital P50,000 and they share income...


A. 68,000; 32,000; 50,000<br>B. 66,667; 33,333; 50,000<br>C. 50,000, 50,000, 50,000<br>D. 60,000, 60,000, 60,000<br>15. In the AB partnership, A's capital is P150,000 and B's capital P50,000 and they share income in a<br>1:4 ratio, respectively. They decide to admit C to the partnership. A andB agree that some of the<br>inventory is obsolete. The inventory account is decreased before C is admitted. C invests<br>P50,000 for a 60% interest in capital. What is the amount of inventory written down?<br>A. 166,667<br>B. 100,000<br>C. 250,000<br>D. 0<br>

Extracted text: A. 68,000; 32,000; 50,000 B. 66,667; 33,333; 50,000 C. 50,000, 50,000, 50,000 D. 60,000, 60,000, 60,000 15. In the AB partnership, A's capital is P150,000 and B's capital P50,000 and they share income in a 1:4 ratio, respectively. They decide to admit C to the partnership. A andB agree that some of the inventory is obsolete. The inventory account is decreased before C is admitted. C invests P50,000 for a 60% interest in capital. What is the amount of inventory written down? A. 166,667 B. 100,000 C. 250,000 D. 0

Jun 11, 2022
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