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The capital balances of Ces and Elaine before the admission of Jhim were P200,000 and P300,000, respectively. Jhim invested a certain amount for a 25% interest in the partnership. As a result of his admission, the old partners received a bonus of P25,000. How much did Jhim invest for his 25% interest in the partnership? A. P166,667 B. P175,000 C. P200,000 D. P125,000

The capital balances of Ces and Elaine before the admission of Jhim were P200,000 and P300,000, respectively. Jhim invested a certain amount for a 25% interest in the partnership. As a result of his admission, the old partners received a bonus of P25,000. How much did Jhim invest for his 25% interest in the partnership? A. P166,667 B. P175,000 C. P200,000 D. P125,000

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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The capital balances of Ces and Elaine before the admission of Jhim were P200,000 and P300,000, respectively. Jhim invested a certain amount for a 25% interest in the partnership. As a result of his admission, the old partners received a bonus of P25,000. How much did Jhim invest for his 25% interest in the partnership?

A. P166,667
B. P175,000
C. P200,000
D. P125,000
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