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What the total asset revaluation of the firm agreed

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Problem - The total of the partners' capital accounts were P770,000 before the recognition of partnership asset revaluation in preparation for the withdrawal of a partner whose profit and loss sharing is 20%. He was paid P196,000 by the firm in final settlement for his interest the remaining partners' capital accounts, excluding their share of the asset revaluation, total P630,000 after his withdrawal. What the total asset revaluation of the firm agreed?

Reference no: EM132938282

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