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
Posted: Mon May 30, 2022 7:47 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 - P25,000 E, Capital -
P40,000 F, Capital - P35,000 F accepted a fully depreciated PPE for
a value of P10,000 and P40,000 cash in full settlement of the
partnership interest.
How much is the capital of D after retirement of
F?
September 30, F opted to retire from the partnership. The capital
balances on this date follow: D, Capital - P25,000 E, Capital -
P40,000 F, Capital - P35,000 F accepted a fully depreciated PPE for
a value of P10,000 and P40,000 cash in full settlement of the
partnership interest.
How much is the capital of D after retirement of
F?