AQUA and BEAST are partners in AX Entertainment with capital balances of P300,000 and P250,000 sharing profits and losses 6:4 respectively. They have a friend named PLANT and they agreed to admit him...


AQUA and BEAST are partners in AX Entertainment with capital balances of P300,000 and P250,000 sharing profits and losses 6:4 respectively. They have a friend named PLANT and they agreed to admit him as partner since PLANT had also been in entertainment industry for years. PLANT invests P150,000 for a 40%interest in the firm. AQUA and BEAST transfer part of their capital to PLANT as a bonus. What would be the capital balance of AQUA after the admission of PLANT?




Jun 09, 2022
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