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How much is raz capital balance upon admission of wayne

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Question - Wayne invests for one-half equity in the firm by paying the old partners P200,000, with an agreed partnership capital upon admission of P600,000 . RAZ, AL and GU share profits and losses in the ratio of 1:1:2 respectively. Upon admission of Queen, ratio will now be based on beginning capital. Capital Balances before admission are P100,000, P100,000 and P200,000 respectively. How much is Raz's capital balance upon admission of Wayne?

A. 75,000 B. 100,000 C. 125,000 D. 50,000

Reference no: EM133048652

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