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What amount will pepper have to invest

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Question: In the Mac Chiz partnership, Mac's capital is P140,000 and Chiz' is P40,000 and they share income in a 3:1 ratio, respectively. They decide to admit Pepper to the partnership. What amount will Pepper have to invest to give him one-fifth percent interest in the capital of the partnership if no goodwill or bonus is recorded?

Reference no: EM132753332

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