question archive The capital balances in the BEE are Betty’s capital P600,000, Eli’s capital P500,000, and Edna’s capital P400,000, and income ratios are 5:3:2, respectively
The capital balances in the BEE are Betty’s capital P600,000, Eli’s capital P500,000, and Edna’s capital P400,000, and income ratios are 5:3:2, respectively
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The capital balances in the BEE are Betty’s capital P600,000, Eli’s capital P500,000, and Edna’s capital P400,000, and income ratios are 5:3:2, respectively. The BEER Partnership is formed by admitting Rina to the firm with a cash investment of P600,000 for a 25% capital interest. The bonus to be credited to Edna’s capital in admitting Rina is?
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Answer is $15,000
Total capital after admission = 600000+500000+400000+600000=2100000
Bonus = 600000 - (2100000*25%)= 75000
Ednas bonus Credit = 75000*2/10 = 15000
