In the Partnership of A, B, and C, partner C decided to withdraw from the...
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Accounting
In the Partnership of A, B, and C, partner C decided to withdraw from the partnership. The partners share profits and losses in the ratio of 30%, 30%, 40%, respectively. The partners have the following capital balances just prior to C's withdrawal from the partnership. A-P45,000 B-35,000 C-20,000 Assuming the partners agree that the partnership will purchase C's interest for thirty two thousand and will revalue the partnership based on the price C is willing to accept for his interest in the partnership, the balance of B's capital immediately after the withdrawal of C is
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