Yves, Saint and Laurent are partners of YSL Partnership with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 30:40:30. Saint decides to withdraw from the partnership and received P 160,000 in settlement of his interest. Assuming asset revaluation method is used, what is the capital balance of Laurent immediately after the retirement of Saint?
Yves, Saint and Laurent are partners of YSL Partnership with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 30:40:30. Saint decides to withdraw from the partnership and received P 160,000 in settlement of his interest. Assuming asset revaluation method is used, what is the capital balance of Laurent immediately after the retirement of Saint?
Yves, Saint and Laurent are partners of YSL Partnership with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 30:40:30. Saint decides to withdraw from the partnership and received P 160,000 in settlement of his interest. Assuming asset revaluation method is used, what is the capital balance of Laurent immediately after the retirement of Saint?
Yves, Saint and Laurent are partners of YSL Partnership with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 30:40:30. Saint decides to withdraw from the partnership and received P 160,000 in settlement of his interest. Assuming asset revaluation method is used, what is the capital balance of Laurent immediately after the retirement of Saint?
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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