Perez and Daganta are partners who share profts have capital balances of P750,000 and P1,500,000, respectively. The partne agreed to admit Barros to the partnership. Barros invested P750,000 for a 35 interest in the partnership. The new total capital balance after admitting Barros P3,000,000, Daganta's capital balance after Barros is admitted is and a. P1,600,000. b: P1,500,000. . P1,400,000, d. P1,350,000.
Perez and Daganta are partners who share profts have capital balances of P750,000 and P1,500,000, respectively. The partne agreed to admit Barros to the partnership. Barros invested P750,000 for a 35 interest in the partnership. The new total capital balance after admitting Barros P3,000,000, Daganta's capital balance after Barros is admitted is and a. P1,600,000. b: P1,500,000. . P1,400,000, d. P1,350,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
What is Dagana's capital balance after Barros' admission?
![Perez and Daganta are partners who share profits and losses in a ratio of 2:1 and
have capital balances of P750,000 and P1,500,000, respectively. The partne
agreed to admit Barros to the partnership. Barros invested P750,000 for a 35
interest in the partnership. The new total capital balance after admitting Barros
P3,000,000, Daganta's capital balance after Barros is admitted is
a. P1,600,000.
b. P1,500,000,
P1,400,000,
d. P1,350,000.
C.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06113242-0ba6-47a7-8d39-7def30b4a50d%2Fda6eb401-6c4e-4e3c-a399-193e599242c0%2Fn7u2ape_processed.png&w=3840&q=75)
Transcribed Image Text:Perez and Daganta are partners who share profits and losses in a ratio of 2:1 and
have capital balances of P750,000 and P1,500,000, respectively. The partne
agreed to admit Barros to the partnership. Barros invested P750,000 for a 35
interest in the partnership. The new total capital balance after admitting Barros
P3,000,000, Daganta's capital balance after Barros is admitted is
a. P1,600,000.
b. P1,500,000,
P1,400,000,
d. P1,350,000.
C.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education