During the first year of their operation, the partnership earned P325,000. Profits were distributed in the agreed manner. Drawings were made in these amounts: Gerwin, P50,000; Alvin, P65,000; Dave, P28,000.
9. How much are the capital balances after the first year?
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A. 324382 cash should be contributed
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During the first year of their operation, the partnership earned
P325,000. Profits were distributed in the...
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Answer and show your solution
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Answer and show your solution
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