Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On June 1, 2021, the partner contributed another P20,000. On September 1, 2021, the partner withdrew P5,000 from the partnership. What is the weighted average capital balance using 10 months as the denominator (March - December)?

Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On June 1, 2021, the partner contributed another P20,000. On September 1, 2021, the partner withdrew P5,000 from the partnership. What is the weighted average capital balance using 10 months as the denominator (March - December)?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 12DQ

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