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Capital balances of the partners

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The Samuel Partnership shows the following profit and loss ratios and capital balances: Andrew (60%), P252,000; Mila (30%), P126,000 and Philip (10%), P42,000. The partners decide to sell to Violet 20 percent of their respective capital and profit and loss interests for a total payment of P90,000. Violet will pay the money directly to the other partners. What are the capital balances of the partners after Violet's admission to the partnership?

Reference no: EM133246919

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