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How much is the new capital balance of Calvin

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Question - Calvin and Klein are partners sharing profits 60% and 40%. On January 1, they decided to admit Versace as a new partner upon his investment of P 8,000. On this date, their interest in the partnership are as follows: Calvin-P 11,500; Klein-P 9,300. assuming that the new partner is given a one-third interest in the firm, with bonus allowed to the new partner,

How much is the new capital balance of Calvin?

How much is the new capital balance of Klein?

How much is the new capital balance of Versace?

Reference no: EM132859824

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