Kayode, Akpan and Kachalla are in partnership. Their respective capital accounts had the following balances: N40,000, N50,000 and N70,000.
The partners agree to admit Wamo as a new partner with a one-fifth interest in the partnership capital in exchange for N50,000 cash. Wamo's equity in the resulting partnership is

IykeDman

10 years ago

Pls i wuld like you guys to enlighten us more when you give the answers...

jaffar22

11 years ago

d 50000 is d cash introduce by wamo his is equity.equity is also known as capital.

Nasiratolabisi94.com

7 years ago

I really appreciate myschool and my fellow collegues wu z following

mercy25

12 years ago

I like this idea so much,because is educating.pls guy follow up o,is good

Oreade12

6 years ago

40000+50000+70000+50000\5=32000.s0 d ans.,
should be C & not D

moyinoluwafaith2009

3 months ago

I don't understand this question and answer

Iqraman

8 years ago

its eguity is d same aqs the cash he introduce

Jibola042414

6 years ago

I think this questions need to be updated.... Wrong question and suggestions
Kayode, Akpan and Kachalla are in partnership. Their respective capital accounts had the following balances: N40,000, N50,000 and N70,000. The partners agree to admit Wamo as a new partner with a one-fifth interest in the partnership capital in exchange for N50,000 cash. Wamo's equity in the resulting partnership is

A.
N32,000

B.
N40,000

C.
N42,000

D.
N50,000
Correct Answer: Opti