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What is the capital balance of Angel

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Reference no: EM133054044

Question - Anton agrees to pay P24,500 for 35% of Amy's interest, but the assets must first be revalued, in the retail business owned by Angel and Amy whose capital balances are P65,800 and P85,000, respectively. Angel and Amy share profits and losses 40% and 60%, respectively. What is the capital balance of Angel after the admission of Anton?

Reference no: EM133054044

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