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What is the capital balance of c after admission of d

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On December 31, 2019, The Statement of Financial Position of ABC Partnership provided the following data with a profit or loss ratio of 1:6:3:

Current Assets 2,600,000     Total Liabilities 600,000

Non current Assets 4,000,000 A, Capital 2,800,000

                                       B, capital 1,400,000

                                       C, Capital 1,800,000

Question 1: On January 1, 2019, D is admitted to the partnership by investing P 2,000,000 to the partnership for 20% capital interest.. If all the assets of the existing partnership are properly valued, What is the capital balance of C after admission of D?

Reference no: EM132652357

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