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Determine the capital balance of lenovo

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Apple, Samsung, Lenovo. and Huawei are partners with interests of P60,000 (30%); P65,000 (20%): P26,000 (10%) and P90,000 (40%) to Apple, Samsung. Lenovo, and Huawel each, respectively. Assume that the partners admit Oppo into the partnership. Oppo is to invest P50,000 and to purchase 1/4 of the capital balances of Samsung and Lenovo for P25,000 with the assets being adjusted. Oppo is to have 20% share in the new partnership and a 15% share in the profits and losses. The agreed capital of the partnership after the admission of Oppo Is P310,000.

Question 1: Determine the capital balance of Lenovo after the admission of Oppo.

Reference no: EM132584409

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