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A, B and C have capital balances of P112,000, P130,000 and P58,000, respectively, and share profits in the ratio 3:2

Accounting Nov 10, 2021

A, B and C have capital balances of P112,000, P130,000 and P58,000, respectively, and share profits in the ratio 3:2.1.D invest cash in the partnership for a one-fourth interest 1. Assume Dreceives a one-fourth interest in the assets of the partnership, which includes credit for P25,000 of goodwill that is recognized upon admission. How much cash Dinvest? 2. Assume Dreceives a one-fourth interest in the assets of the partnership and D is credited with P20,000 of the bonus from the old partners that is recognized upon D's admission. How much cash Dinvest? 3. Assume receives a one-fourth interest in the assets of the partnership and Bis credited with P15,000 of the bonus from D, how much cash invest?

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