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Answer and show your solution The existing capital balances of...

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Accounting

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The existing capital balances of old partners prior to noht Ifollows: Partners P320.000 Capital balances P200000 P280,000 I D is to be admitted into the e partnership by investing P200.000 for 18% interest of the b in capital and profits of the partnership for his investment. The assets rtnership are not to be revalued. Under the bonus meth partnership's capital after admission of D is the total i P 800,000 I b. P 975,610. il c. Pl,000,000 d. P 650,000 3. The capital balances in the FSH are Farrah's capital P600,000, Sarrah's capital 5:3:2, P500,000, and Hannah capital P400,000, and income ratios are respectively. The FISH Partnership is formed by admitting Irish into the firm with a cash investment of P600,000 for a 25% capital interest. The bonus to be credited to Hannah's capital in admitting Irish is a. P100,000 b. P 75,000 C. P 37,500 d. P 15,000 4. Gerry and Narda are partners who have a capital of P90,000 each and share mit Art for a one third interest in the he bonus method, what is the total profits and losses equally. They offer to ad firm upon his investment of P60,000. Under t agreed capital of the partnership? a. P180,000 b. P240,000 C. P270,000

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