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Determine the capital of Dy after the admission of Uy

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Question - The capital balances of Padaca and Dy were P100,000 and P400,000, respectively. Their profit and loss sharing ratio was 20% and 80%, respectively. Uy wants to buy 25% of the interest of Dy to give him a 25% interest in the partnership profit. Assume that Uy will directly pay P120,000 to Dy without asset revaluation, determine the capital of Dy after the admission of Uy.

Reference no: EM132941389

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