sharing profits and losses
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Free InquiryProblem 2: Vida, Vina and Vita, sharing profits and losses 5:3:2, have capital credit balances of P400,000, P300,000 and P200,000 respectively. They decided to admit a new partner, Vera to a 30% interest in the partnership upon Vera’s investment of an amount equal to five-sixths of her capital credit with no asset adjustment recognized. Immediately after the admission of Vera, the capital credit balance of Vina will be A. P300,000 B. P330,000 C. P318,000 D. P282,000
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