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Question - Presented below are the account balances of Colorado Partnership as of June. 30, 2008:
Cash P75,000
Liabilities P80,000
Receivables 50,000
O. Liwanag, Capital 172,000
Inventory 120,000
B. Dilim, Capital 156,000
Other assets 255,000
C. Espiritu, Capital 92,000
Liwanag, Dilim and Espiritu share profits and losses in the ratio 4:3:3, respectively. Emmanuel is admitted in the partnership by purchasing 25% interest of the partnership for a total of P 115,000. Other assets are adjusted upon admission of Emmanuel. What is the capital of B. Dilim immediately after admission of Emmanuel?
MAA310 - Accounting and Society - Briefly explains the types of compensation included in remuneration packages of Chief Executive Officers and provides examples from the latest remuneration report for your allocated* Australian publicly listed com..
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