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What o capital balance after recording withdrawal of e is

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Problem 1: Capital balances in the LOVE Partnership are L's capital P500,000, O's capital P400,000, V's capital P300,000, and E's capital P200,000, and income ratios are 4:3:2:1, respectively. E withdraws from the firm following payment of P290,000 in cash from the partnership. O's capital balance after recording the withdrawal of E is? Show computation.

Reference no: EM132739954

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