Z decided to withdraw from the partnership, his share in the partnership is 20%. Upon withdrawal, he was paid P88,000. The total partner's capital before the withdrawal was P252,000. If the total capital of the partnership after withdrawal was P192,000 excluding the revaluation gain recognized, how much is the total revaluation gain?

Z decided to withdraw from the partnership, his share in the partnership is 20%. Upon withdrawal, he was paid P88,000. The total partner's capital before the withdrawal was P252,000. If the total capital of the partnership after withdrawal was P192,000 excluding the revaluation gain recognized, how much is the total revaluation gain?

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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