Andi would have a capital balance of
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Andi, Berri and Cori are partners sharing profit and loss in the ratio 3:5.2. Capital balances before the admission of Dani were P80,000, P100,000 and P120,000 respectively. Assuming Dani is to invest P300,000 in the new partners' capitalization of P600,000, but would be credited for P290,000, after the admission, Andi would have a capital balance of
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