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What is the capital balance of Ditas

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Question - Daza, Diaz, and Ditas are partners with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 3:4:3. Diaz decides to withdraw from the partnership. Diaz receives p150,000 in settlement of his interest. If the asset revaluation method is used, what is the capital balance of Ditas immediately after the retirement of Diaz?

Reference no: EM132810872

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