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Accounting
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Donald, Anne and Todd have the following capital balances; P40,000, P50,000 and P30,000 respectively. The partners share profits and losses 20%, 40% and 40% respectively. Anne retires and is paid P80,000 based on the terms of the original partnership agreement. Answer the following: If the goodwill (revaluation of asset) method is used, what is the capital balance of Donald? If the goodwill (revaluation of asset) method is used, what is the capital balance of Todd? If the bonus method is used, what is the capital balance of Donald? If the bonus method is used, what is the capital balance of Todd? What is the total partnership capital after Anne retires receiving P80,000 and using the bonus method
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please answer within an hour or very fast, will upvote and give nice comment. Please help thank you