Bruno, Jango, and Gimo are partners sharing profits in the ratio of'3:3:2. On July 31, their capital balances are as follows: Bruno, P280,000; Jango, P200,000; Gimo, P160,000. The partners agree to admit Aldo on the following agreement: I. Aldo is to pay Bruno P200.000 for 1/2 interest of Bruno's interest. II. Aldo is also to invest P160,000 in the partnership. III. The total capital of the partnership is to be P960.000, of which Aldo's interest is to be 25%. What are the capital balances of the partners after the admission of Aldo? *
Bruno, Jango, and Gimo are partners sharing profits in the ratio of'3:3:2. On July 31, their capital balances are as follows: Bruno, P280,000; Jango, P200,000; Gimo, P160,000. The partners agree to admit Aldo on the following agreement: I. Aldo is to pay Bruno P200.000 for 1/2 interest of Bruno's interest. II. Aldo is also to invest P160,000 in the partnership. III. The total capital of the partnership is to be P960.000, of which Aldo's interest is to be 25%. What are the capital balances of the partners after the admission of Aldo? *
Chapter1: Financial Statements And Business Decisions
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Bruno, Jango, and Gimo are partners sharing profits in the ratio of'3:3:2. On July 31, their capital balances are as follows: Bruno, P280,000; Jango, P200,000; Gimo, P160,000. The partners agree to admit Aldo on the following agreement: I. Aldo is to pay Bruno P200.000 for 1/2 interest of Bruno's interest. II. Aldo is also to invest P160,000 in the partnership . III. The total capital of the partnership is to be P960.000, of which Aldo's interest is to be 25%. What are the capital balances of the partners after the admission of Aldo? <Bruno><Jango><Gimo> *
P 82,500; P82,500; P55,000
P222,500; P282,500; P215,000
P200,000; P160,000; P140,000
P140,000; P200,000; P160,000
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