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What is the new capital balance of ena

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Question - On the December 31, 2020, the Statement of Financial Position of LOVE Partnership shows the following data with profit or loss sharing of 5:3:2.

Cash P10,000,000

Noncash Asset 40,000,000

Total Liabilities P20,000,000

Ona 10,000,000

Vina 15,000,000

Ena 5,000,000

On January 01, 2021, Lina is admitted to the new partnership named LOVE by investing P20,000,000 for 50% capital interest in the new partnership. What is the new capital balance of Ena after Lina's admission in LOVE Partnership?

Reference no: EM133184346

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