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What carreon should receive a credit to capital account of

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Problem 1: Carreon purchased an interest in the C2 Partnership of Calvo and Calma by paying Calvo P72,000 for half of his capital and half of his 50% profit sharing interest. At this time, the capital balance of Calvo was P96,000 and the capital balance of Calma was P168,000. Carreon should receive a credit to his capital account of?

Reference no: EM132789603

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