How much should be the capital balance of peabo right

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Question - On July 1, 2020 Peabo and Bryson formed a partnership agreeing to share profits and losses 40 and 60%, respectively. Peabo invested a parcel of land which originally costed him P50,000 Bryson invested P60,000 in cash. The land was sold for P100,000 immediately after the formation of the partnership. How much should be the capital balance of Peabo right after the partnership formation?

Reference no: EM132626803

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