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Jesse, Joseph, and Leslie are partners with capital accounts of P70, 000, P120, 000, and...

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Accounting

Jesse, Joseph, and Leslie are partners with capital accounts of P70, 000, P120, 000, and P90, 000, respectively. The partnership share profits and losses 45%, 30%, and 25%, respectively. They are considering allowing Hans to join the partnership by investing directly into the partnership. The partners intend to revalue the assets before Hans admission. Neither bonus nor goodwill are required. If the assets market value exceeds book value P150, 000, how much will Hans invest to acquire a 20% equity interest in the partnership?


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