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On May 1- 2023- Romy and Vic formed a partnership contributing assets.docx

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On May 1, 2023, Romy and Vic formed a partnership contributing assets with the following agreed valuations: The partners agreed that the partnership will assume the P 300 , 000 mortgage loan on Building and that Vic will contribute additional cash to make his capital balances equal to 40% of the total partnership equity. How much cash should Vic contribute? .

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On May 1, 2023, Romy and Vic formed a partnership contributing assets with the following agreed valuations: The partners agreed that the partnership will assume the P 300 , 000 mortgage loan on Building and that Vic will contribute additional cash to make his capital balances equal to 40% of the total partnership equity. How much cash should Vic contribute?

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