L, E, and A are partners with capital balances of P787,500, P945,000, and P315,000, respectively. The partners share profits and losses in the ratio of 45:25:30, respectively. D is to join the partnership upon contributing P315,000 cash plus an equipment with fair value of P630,000 to the partnership in exchange for 20% interest in the capital and 25% interest in the profits and losses. After admission, the original partners will share profits and losses equally. How much is bonus to (from) D assuming the existing assets of the original partnership are overvalued by P192,500? Assuming the existing assets of the original partnership are undervalued by P192,500, what is the capital balance of A after the admission of D?
L, E, and A are partners with capital balances of P787,500, P945,000, and P315,000, respectively. The partners share
How much is bonus to (from) D assuming the existing assets of the original partnership are overvalued by P192,500?
Assuming the existing assets of the original partnership are undervalued by P192,500, what is the capital balance of A after the admission of D?
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