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What ratio would be used to allocate

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Problem 1: In the A-B Partnership, A and B had a capital ratio of 3:1 and a profit and loss ratio of 2:1, respectively. The bonus method was used to record C's admittance as a new partner. What ratio would be used to allocate, to A and B, the excess of C's Contribution over the amount credited to C's capital account?

Reference no: EM132992351

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