31. Abel and Carr formed a partnership and agreed to divide initial capital equally, even though abel contributed P100,000 and Carr contributed P84,000 in identifiable assets. Under the bonus method approach to adjust the capital accounts, Carr's unidentifiable assets. should be debited for *

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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31. Abel and Carr formed a partnership and agreed to divide initial
capital equally, even though abel contributed P100,000 and Carr
contributed P84,000 in identifiable assets. Under the bonus method
approach to adjust the capital accounts, Carr's unidentifiable assets
should be debited for *
Transcribed Image Text:31. Abel and Carr formed a partnership and agreed to divide initial capital equally, even though abel contributed P100,000 and Carr contributed P84,000 in identifiable assets. Under the bonus method approach to adjust the capital accounts, Carr's unidentifiable assets should be debited for *
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