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What is the total partnership capital after the retirement

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Question - Katy, Perry and Lacoste are partners sharing profits equally and with capital balances of P 80,000, P 120,000 and P 160,000 respectively. Perry decides to withdraw from the partnership and he received P 160,000 in settlement of his interest. If the bonus method is used, what is the capital balance of Lacoste after the retirement of Perry? Using data above, what is the total partnership capital after the retirement of Perry?

Reference no: EM132859557

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