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 8:17 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
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