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How much cash should D contribute

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Problem - A, B, and C are partners with capital balances of P784,000, P2,730,000, and P1, 190,000 respectively, sharing profits and losses in the ratio of 3:2:1. D is admitted as new partner bringing with him expertise and is to invest cash for a 25% interest in the partnership which includes a credit of P735,000 for bonus upon his admission. How much cash should D contribute?

Reference no: EM132940515

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