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1. On December 1, 2021, Estrella and Furgoson formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. Estrella invested a parcel of land that cost him P25,000. Furgoson invested P30,000 cash. The land was sold for P50,000 on the same date, three hours after formation of the partnership. How much should be the capital of Estrella right after formation? * O a. P25,000 О Б. Р30.000 О с. Рбо,000 O d. P50,000

1. On December 1, 2021, Estrella and Furgoson formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. Estrella invested a parcel of land that cost him P25,000. Furgoson invested P30,000 cash. The land was sold for P50,000 on the same date, three hours after formation of the partnership. How much should be the capital of Estrella right after formation? * O a. P25,000 О Б. Р30.000 О с. Рбо,000 O d. P50,000

SWFT Corp Partner Estates Trusts
SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations
Section: Chapter Questions
Problem 39P
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1. On December 1, 2021, Estrella and Furgoson formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. Estrella invested a parcel of land that cost him P25,000. Furgoson invested P30,000 cash. The land was sold for P50,000 on the same date, three hours after formation of the partnership. How much should be the capital of Estrella right after formation? * O a. P25,000 О Б. Р30,000 О С. Рб0,000 O d. P50,000
Transcribed Image Text:1. On December 1, 2021, Estrella and Furgoson formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. Estrella invested a parcel of land that cost him P25,000. Furgoson invested P30,000 cash. The land was sold for P50,000 on the same date, three hours after formation of the partnership. How much should be the capital of Estrella right after formation? * O a. P25,000 О Б. Р30,000 О С. Рб0,000 O d. P50,000
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