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271 PROFESSOR Section Multiple Choice Problem 5-32 Encirele the letter answers with good form the existing capital balances of old partners prior to computationnding to the best answer admission of D are as follows: Partners Capital balances Profit and loss ratio Pnon pr0000 P3 0,000 P100,000 50% n is to be admitted to the partnership by direct purchase eist tae admissoe partners' capital for P100,000. The net assets of 20% each of the a. P340,000. b. P300,000. c. P600,000. d. P480,000. The existing capital balances of old partners prior to admission follows: Partners Capital balances of D are as 200000 8 P320.000 D is to be admitted into the in capital and profits of the partnership are not to be revalued. Under the bonus method, the total partnership's capital after admission of D is: a. P 800,000 b. P 975,610 c. P1,000,000 d. P 650,000. partnership by investing P200.000 for 18% interest partnership for his investment. The assets of the 3 The capital balances in the FSH are Farrah's capital P600,000, Sarrah's capital P500,000, and Hannah capital P400,000, and income ratios are 5:3:2, respectively. The FISH Partnership is formed by admitting Irish into the firm with a cash investment of Po00,000 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 who have a capital of P90,000 each and share admit Art for a one third interest in the total Gerry and Narda are partners profits and losses equally. They offer to firm upon his investment of P60,000. Under the bonus method, what. greed capital of the partnership? a. P180,000 b P240.000 C, P270.000

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