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PROBLEM 2-6 Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission of Mario is Jeff- P300,000 and Richard - P200,000. P/L ratio of 3:2 to Jeff and Richard. vma E odi u If Mario purchased half of the interest of partnership by paying P305,000, how much will be received by Jeff and Richard, respectively? Set sah

PROBLEM 2-6 Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission of Mario is Jeff- P300,000 and Richard - P200,000. P/L ratio of 3:2 to Jeff and Richard. vma E odi u If Mario purchased half of the interest of partnership by paying P305,000, how much will be received by Jeff and Richard, respectively? Set sah

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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PROBLEM 2-6 nnd Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission of Mario is Jeff- P300,000 and Richard - P200,000. P/L ratio of 3:2 to Jeff and Richard. nhe odi o tn If Mario purchased half of the interest of partnership by paying P305,000, how much will be received by Jeff and Richard, respectively? S ot sah t
Transcribed Image Text:PROBLEM 2-6 nnd Mario joins the partnership of Jeff and Richard on July 30, 2020. Capital balances before admission of Mario is Jeff- P300,000 and Richard - P200,000. P/L ratio of 3:2 to Jeff and Richard. nhe odi o tn If Mario purchased half of the interest of partnership by paying P305,000, how much will be received by Jeff and Richard, respectively? S ot sah t
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