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Talagtag paid Capricio P900,000 for his 650,000 interest in a Partnership. On the partnership books A Talagtag will have a capital balance of P650,000

Talagtag paid Capricio P900,000 for his 650,000 interest in a Partnership. On the partnership books A Talagtag will have a capital balance of P650,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Talagtag paid Capricio P900,000 for his 650,000 interest in a Partnership. On the partnership books A Talagtag will have a capital balance of P650,000 B) Talagtag will receive a bonus c) Talagtag will have a capital balance of P900,000 D) Talagtag will give up a bonus
Transcribed Image Text:Talagtag paid Capricio P900,000 for his 650,000 interest in a Partnership. On the partnership books A Talagtag will have a capital balance of P650,000 B) Talagtag will receive a bonus c) Talagtag will have a capital balance of P900,000 D) Talagtag will give up a bonus
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