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How much is the capital balance of zandro upon admission

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Zandy and Yaying have capital balances of P150,000 and P180,000, respectively. Zandro is to invest P60,000 for 15% in the partnership interest and also in the profit and loss. There is an undistributed net income in the amount of P80,000. Partners Xandy and Yaying share profit and loss 65% and 35% respectively.

Problem 1: How much is the capital balance of Zandro upon his admission?

Group of answer choices

a. P70,500

b. P60,000

c. P61,500

d. P72,000

 

Reference no: EM132709932

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