Thank you so much. Great work. I received full credit for my portion of this group assignment. Please continue to keep up the great work and help me as much as possible.
Mallari and Chua are partners who share profits and losses in a ratio of 3:2, respectively. They have the
following capital balances on Sept. 30, 2020.
Mallari, Capital P 250, 000
Chua, Capital P 500, 000
The partners agreed to admit Palatino to the partnership.
REQUIRED: Calculate the capital balances of each partner after the admission of Palatino, assuming that
bonuses are recorded when appropriate for each of the following assumptions:
1. Palatino paid Mallari P 250, 000 for a 50% of his interest.
2. Palatino invested P 250, 000 for a one- fourth interest in the partnership.
3. Palatino invested P 250, 000 for a 30% interest in the partnership.
4. Palatino invested P 250, 000 for a 20% interest in the partnership.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more