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Problem - Partners PG, SX and TD have average capital balances of P96,090, P48, 000 and P32,000, respectively, during 2014. Each partner receives 10% interest on his capital balance. After deducting salaries of P24, 090 for PG and P16,900 for TD, the residual profit or loss is divided equally. In 2014, the partnership sustained a P26, 400 net loss before partners' interests and salaries. By how much would TD's capital account change?
Financial Statement Analysis and Preparation
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