Capital balances and profit and loss sharing ratios of the partners in the BIG Entertainment Gallery are as follows: Betty, capital (50%) P140.000 Iggy, capital (30%) 160.000 Grabby, capital (20%)...


Capital balances and profit and loss sharing ratios of the partners in the BIG Entertainment Gallery are as follows: Betty, capital (50%) P140.000 Iggy, capital (30%) 160.000 Grabby, capital (20%) 100,000 Total P400,000 Betty needs money and agrees to assign half of her interest in the partnership to Yessir for P90,000 cash. Yessir pays directly to Betty. Yessir does not become a partner. What is the total capital of the BIG Partnership immediately after the assignment of the interest to Yessir?

May 26, 2022
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