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How much will stacy further invest to comply

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Problem 1: Fat Amy and Stacy form a partnership. They will contribute on a 55-45 basis, respectively, based on Fat Amy's net assets. Fat Amy contributes cash of Php32,000 and computer which cost her Php60,000. Stacy contributes office equipment costing Php55,000. The fair value of the non-cash assets are as follows: computer, Php48,000; office equipment, Php42,000. The computer carries a liability of Php8,500 which the partnership will assume.

Question 1: How much will Stacy further invest to comply with their agreement?

Reference no: EM132466984

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