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QUESTION
Admission by purchase of interest or investment of assets
Mallari and chua are partners who share profits and losses in a ratio of 3:2, respectively. Mallari, Capital 250000, Chua capital 500000
1. Palatino paid mallari 250000 for 50% interest.
2. Palatino invested 250000 for a 1/4 interest in the partnership.
3. Palatino invested 250000 for a 30% interest in the partnership.
4. Palatino invested 250000 for a 20% interest in the partnership.
