10. Rowena and Xarr formed a partnership and agreed to divide initial capital equally, even though Rowena contributed P25,000 and Xarr contributed P21,000 in identifiable assets. Under the bonus approach to adjust the capital accounts. Xarr unidentifiable assets should be debited for: *
10. Rowena and Xarr formed a partnership and agreed to divide initial capital equally, even though Rowena contributed P25,000 and Xarr contributed P21,000 in identifiable assets. Under the bonus approach to adjust the capital accounts. Xarr unidentifiable assets should be debited for: *
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:10. Rowena and Xarr formed a
partnership and agreed to divide initial
capital equally, even though Rowena
contributed P25,000 and Xarr
contributed P21,000 in identifiable
assets. Under the bonus approach to
adjust the capital accounts. Xarr
unidentifiable assets should be debited
for:
*
O a. P11,500
О Б. Р4,000
О С. Р2,000
O d. PO
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