Partners X, Y and Z divide profits and losses 5:3:2 respectively. On July 1, 2020, A is admitted as a new partner with a 20% interest in capital and earnings in exchange for cash investment. Prior to A’s admission, the capital balances of the partners are as follows: X: P 148, 000; Y: P 260, 000; Z: P192, 000. How much cash should A contribute?
Partners X, Y and Z divide profits and losses 5:3:2 respectively. On July 1, 2020, A is admitted as a new partner with a 20% interest in capital and earnings in exchange for cash investment. Prior to A’s admission, the capital balances of the partners are as follows: X: P 148, 000; Y: P 260, 000; Z: P192, 000. How much cash should A contribute?
Partners X, Y and Z divide profits and losses 5:3:2 respectively. On July 1, 2020, A is admitted as a new partner with a 20% interest in capital and earnings in exchange for cash investment. Prior to A’s admission, the capital balances of the partners are as follows: X: P 148, 000; Y: P 260, 000; Z: P192, 000. How much cash should A contribute?
Partners X, Y and Z divide profits and losses 5:3:2 respectively. On July 1, 2020, A is admitted as a new partner with a 20% interest in capital and earnings in exchange for cash investment. Prior to A’s admission, the capital balances of the partners are as follows: X: P 148, 000; Y: P 260, 000; Z: P192, 000. How much cash should A contribute?
Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item
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