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Partners Atero and Alaya each have a P200,000 capital balance and share profits and losses in a 3:2 ratio, respectively. Cash equals P100,000, non-cash assets equal P600,000, and liabilities equal P300,000.
Problem 1: If the non-cash assets are sold for P350,000, then Atero's capital account will be?
a. Decrease by P105,000b. Decrease by P210,000c. Decrease by P150,000d. Increase by P210,000
Which of the following is an example of managing earnings downwards?
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