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How much is the capital of gabbana after the admission

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Reference no: EM132815109

Dolce and Gabbana are partners with capital balances of P 160,000 and P 80,000. They share profits in the ratio 3:1. The partners agree to admit Vuitton as a member of the firm. Vuitton is admitted to a one-fourth interest in capital by the purchase of the interest of Dolce and Gabbana for P 60,000. How much is the capital of Gabbana after the admission of Vuitton? Dolce and Gabbana are partners with capital balances of P 160,000 and P 80,000. They share profits in the ratio 3:1. The partners agree to admit Vuitton as a member of the firm. Vuitton is admitted to a one-fourth interest in capital by the purchase of the interest of Dolce and Gabbana for P 60,000.

Problem 1: How much is the capital of Gabbana after the admission of Vuitton?

Problem 2: How much is the capital of Vuitton after her admission as a new partner?

Reference no: EM132815109

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