Cedie and Sarah are partners and together have equity of P150,000 in the partnership. Remy wishes to become a partner with 14 interest in the firm. If her investment reflects the cash paid, how much will she contribute to the partnership?

Cedie and Sarah are partners and together have equity of P150,000 in the partnership. Remy wishes to become a partner with 14 interest in the firm. If her investment reflects the cash paid, how much will she contribute to the partnership?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations

Section: Chapter Questions

Problem 44P

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Cedie and Sarah are partners and together have equity of P150,000 in the partnership. Remy wishes to become a partner with 14 interest in the firm. If
her investment reflects the cash paid, how much will she contribute to the partnership?

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