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How much should be the capital balance

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Question - On December 1, 2019 Rocky and Bamboo formed a partnership, agreeing to share profits and losses in the ratio 2:3 respectively. Roocky invested a parcel of land that cost him P25,000 Bamboo invested P30,000 cash. The land was sold for P50,000 on the same date, three hours after formation of the partnership.

Required - How much should BE THE CAPITAL BALANCE FOR BAMBOO RIGHT AFTER FORMATION?

Reference no: EM132905995

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