ẩẩOj Decembeẩ 2ẩ0ẩ20, Antipolo and Bunao formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. Antipolo invested a parcel of land that cost him P134,375. Bunao invested P161,250 cash. The land was s old for P268,750 on the same date, three hours after formation of the partnership. How much should be the capital balance of Antipolo right after formation? a. P134,375 b. P161,250 c. P322,500 d. P268,750
ẩẩOj Decembeẩ 2ẩ0ẩ20, Antipolo and Bunao formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. Antipolo invested a parcel of land that cost him P134,375. Bunao invested P161,250 cash. The land was s old for P268,750 on the same date, three hours after formation of the partnership. How much should be the capital balance of Antipolo right after formation? a. P134,375 b. P161,250 c. P322,500 d. P268,750
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1. On December 1, 2020, Antipolo and Bunao formed a partnership, agreeing
to share for profits and losses in the ratio of 2:3, respectively. Antipolo
invested a parcel of land that cost him P134,375. Bunao invested P161,250
cash. The land was s old for P268,750 on the same date, three hours after
formation of the partnership. How much should be the capital balance of
Antipolo right after formation?
a. P134,375
b. P161,250
C. P322,500
d. P268,750
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