PROBLEM 2- 13 Presented below is the condensed statement of financial position of the ABC Partnership: 000 0T Cash Liabilities NAVIS P80,000 AA, capital (60%) BB, capital (30%)n 126,000 CC, capital...

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PROBLEM 2- 13<br>Presented below is the condensed statement of financial position of the ABC<br>Partnership:<br>000 0T<br>Cash<br>Liabilities NAVIS P80,000<br>AA, capital (60%)<br>BB, capital (30%)n 126,000<br>CC, capital (10%) 42,000<br>Total<br>g P85,000<br>415,000<br>252,000<br>Other assets<br>Istiq<br>Total<br>Is P500,000<br>P500,000<br>The partners agreed to sell DD 20% of their respective capital and profit or loss<br>interests for a total payment of P90,000.<br>How much is the capital balance of each partner after the admission of DD?<br>

Extracted text: PROBLEM 2- 13 Presented below is the condensed statement of financial position of the ABC Partnership: 000 0T Cash Liabilities NAVIS P80,000 AA, capital (60%) BB, capital (30%)n 126,000 CC, capital (10%) 42,000 Total g P85,000 415,000 252,000 Other assets Istiq Total Is P500,000 P500,000 The partners agreed to sell DD 20% of their respective capital and profit or loss interests for a total payment of P90,000. How much is the capital balance of each partner after the admission of DD?

Jun 10, 2022

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PROBLEM 2- 13 Presented below is the condensed statement of financial position of the ABC Partnership: 000 0T Cash Liabilities NAVIS P80,000 AA, capital (60%) BB, capital (30%)n 126,000 CC, capital...

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