Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer and show your solution the existing ca

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

70.2K

Verified Solution

Question

Accounting

Answer and show your solution
image
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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How many possible allele combinations in the gametes are there for an individual with 6 independently...

Biology
Q

APPLY: Between ages 40 and 50, Nancy gained 20 pounds. She also began to have trouble...

Psychology
Q

14 The ratio of the energy required to raise a satellite upto a height R...

Physics
Q

You and your classmates create 25 self-portraits to sell at the PTA auction to raise...

Basic Math
Q

Select the correct answer.What is the key feature of the third-person omniscient point of view?A....

Basic Math
Q

1 The table shows the wind chill factor for various wind speeds when the Fahrenheit...

Statistics
Q

Construct a polynomial function that might have the given graph Choose the correct answer below...

Calculus
Q

On July 1, 2017, Headland Construction Company Inc. contracted to build an office building for...

Accounting
Q

Garrison holds a controlling interest in Robertson's outstanding...

Accounting
Q

7-1- The following statement consists in reasoning (fallacies). Which fallacies are illustrated here? (Some statements...

Accounting
Q

la gestin de calidad total y la fabricacin justo a tiempo se centran en la...

Accounting
Q

3. What is the purpose of diversification in investing? a) To reduce risk by spreading...

Finance