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Compute the balance of Dino capital

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Question - The partnership of Doctor, Dino, and Dolor has reached an impasse as Dolor is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:4:4, respectively. The partners have the following capital balances prior to Dolor's withdrawal from the partnership: Doctor - P45,000; Dino - P35,000; Dolor - P25,000. If Dino purchases Dolor's interest for P32,000 and no asset revaluation is recorded, compute the balance of Dino capital immediately after the withdrawal of Dolor?

Reference no: EM132780937

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