On December 31, 2019, the Statement of Financial Position of ABC Partnership provided the following data with profit or loss ratio of 5:1:4:
Current Assets P1,500,000
Noncurrent Assets 2,000,000
Total Liabilities P500,000
A, Capital 1,100,000
B, Capital 1,200,000
C, Capital 700,000
On January 1, 2020, D is admitted to the partnership by investing P500,000 to the partnership for 10% capital interest. Asset revaluation is necessary based on the amount invested by D.
What is the capital balance of A after the admission of D to the partnership?
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