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Question - Julia, Alpha and Ynes are partners who share profits and losses in a 5:3:2 ratios and on January 1 of the current year, have capital balances of P90,000, P160,000 and P200,000, respectively. Ynes withdrew from the partnership on July 1 of the current year and the partners agreed that, as of this date, certain inventory items would have to be revalued at P70,000 from their recorded cost of P50,000. For the 6-month period ending June 30 of the current year, the partnership realized a net income of P130,000. The partners decided that Ynes should be paid P245,000 for her interest. What the payment to Ynes included bonus from remaining partners amounting to?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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