G1 and G2 are partners who have capital balances of P100,000 and P70,000 and who share profits of 65% and 35% respective
Posted: Mon May 30, 2022 7:50 am
G1 and G2 are partners who have capital balances of P100,000 and
P70,000 and who share profits of 65% and 35% respectively. They
agree to admit G3 as a partner upon his payment of P110,000. The
cash is invested in the business and G3 is credited for P130,000
which includes a bonus from G1 and G2. How much bonus was given by
G1?
P70,000 and who share profits of 65% and 35% respectively. They
agree to admit G3 as a partner upon his payment of P110,000. The
cash is invested in the business and G3 is credited for P130,000
which includes a bonus from G1 and G2. How much bonus was given by
G1?