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How much is the bonus of C from D after Ds admission

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Question - A, B and C are partners with capital balances and profit and loss ratios of P50,000 (30%), P70,000 (20%) and P79,500 (50%), each respectively. The partnership owes C P20,000, while B owes the partnership P10,000. D is admitted into the partnership by purchasing 1/2 of the capital of A and B for P70,000 and investing P30,000 for a 40% interest in the partnership. The partners agree that there should be asset revaluation. After D's admission, total partnership capital will be P275,000.

Required -

1. How much is the capital of C after D's admission?

2. How much is the bonus of C from D after D's admission?

3. How much is the capital of A after D's admission?

Reference no: EM132859455

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