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What the bonus to be credited to c in admitting d is

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Problem 1: Capital balances in the LOV partnership are A, Capital P 60,000; B, Capital P50,000 and C, Capital P40,000. Profits and losses are 5:3:2, respectively. The LOV partnership is formed by admitting D to the partnership with a cash investment of P 60,000 for a 25% capital interest. The bonus to be credited to C in admitting D is

a. 1,500
b. 3,750
c. 7,500
d. 10,000

Reference no: EM132826314

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