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Find what bonus to be credited to may in admitting sylvia is

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Reference no: EM132904422

Question 1: Capital balances in the LMM partnership are Lili, Capital P 60,000; Mel, Capital P 50,000 and May, Capital P 40,000. Profits and losses are 5:3:2, respectively. The LMMS partnership is formed by admitting Sylvia to the partnership with a cash investment of P 60,000 for a 25% capital interest. The bonus to be credited to May in admitting Sylvia is

Reference no: EM132904422

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