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How much is the capital balances of Pamela

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Reference no: EM132841981

Question - The partnership of Pamela, Petra, & Pong agree to sell one-fourth of their respective capital to Lory for a total payment of P120,000. The The partners capital balances and profit and loss ratio are as follows: Pamela (60%),  P150,000;  Petra (30%),  P140,000; Pong (10%), P120,000. If assets are to be revalued prior to the admission of Lory, how much is the capital balances of Pamela, Petra, Pong after admission of Lory?

Reference no: EM132841981

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