What nikki capital balance will be

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Partnership.

Problem 1: Lilo and Stitch are partners who share profits and losses in a ratio of 3:2, respectively and have the following capital balances on Dec 31, 2015. Lilo, Capital, P2,000,000 Cr. And Stitch, Capital, P1,500,000 Cr. Assume that the partners agreed to let Nikki into the partnership by investing P1,000,000 for a one-fourth interest. Nikki's capital balance will be

Reference no: EM132674799

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