floodlife1794 floodlife1794

09-05-2024
Business

Answered

Aaron and Butch's capital balances are P960,000 and P1,040,000, respectively. Profit or loss ratio is 4:6. Caine invested P1,000, 000 for a 30% interest in the partnership. Assume that the partners agreed to have a total capital of P5,000,000 after Caine's admission. What is the capital balance of Aaron after Caine's admission?

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