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Conrad and Darlene entered into a partnership on June 1, 2020 by investing the following assets:
Conrad DarleneCash P 240,000 P100,000Merchandise Inventory P260,000Computer Equipment P140,000Furniture and Fixtures P 300,000 The agreement provides that Conrad will get 40% interest in the firm. The partnership is to assume liability on the computer equipment of P60,000.
Problem 1: How much additional cash should Darlene invest?
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