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Question - Nina, Ricci and Ralph are partners with capital balances of P 90,000, P 50,000 and P 60,000 respectively. Coach is admitted into the partnership with a one-fourth interest upon investing P 80,000. if the old partners share profits and losses in the ratio of 2:2:1. Using the bonus method, how much is the capital balance of Ricci after the admission of Coach?
How much is the capital balance of Ralph after the admission of Coach?
How much is the capital balance of Nina after the admission of Coach?
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