D, E, and F share partnership profits in the ratio of 2:3:5. On September 30, F opted to retire from the partnership. Th
Posted: Mon May 30, 2022 7:46 am
D, E, and F share partnership profits in the ratio of 2:3:5. On
September 30, F opted to retire from the partnership. The capital
balances on this date follow:
D, Capital - 25,000
E, Capital - 40,000
F, Capital - 35,000
F accepted a fully depreciated PPE for a value of 10,000 and
40,000 cash in full settlement of the partnership interest. How
much is the capital of D after the retirement of F?
September 30, F opted to retire from the partnership. The capital
balances on this date follow:
D, Capital - 25,000
E, Capital - 40,000
F, Capital - 35,000
F accepted a fully depreciated PPE for a value of 10,000 and
40,000 cash in full settlement of the partnership interest. How
much is the capital of D after the retirement of F?