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Accounting

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I Items 3 to 5 are based on the following: G (50%) P460,000 Beginning capital balances P540,000 S and G partners would like to accept V as a new partner to contribute cash amounting to P250,000 for a capital credit of P300,000 representing 20% of the new partnership total capitalization 3. The total amount of the new partnership total capitalization is: a. P1,500,000. b. P1,250,000. c. P1,200,000. d. P1,000,000

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