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What lala acquisition of second-hand furniture will result

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Problem 1: Cen, Deng and Lala are partners with capital balances on December 31, 2012 of P300,000, P300,000 and P200,000, respectively. Profits are shared equally. Lala wishes to withdraw and it is agreed that she is to take certain furniture and fixture with second hand value of P50,000 and note for the balance of her interest. The furniture and fixture are carried in the books at P65,000. Brand new, the furniture and fixture may cost P80,000. Lala's acquisition of the second-hand furniture will result in the increase or reduction in the capital of the remaining partners in the amount of?

Reference no: EM132769703

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