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Question 25 Not yet answered Suppose X, and Y are two partner has 20,000 capital balance each sharing profit and loss equally agree to admit C as new partner for 40% Interest in capital and profit with investment 22000$. calculate how much the new partner should pay 2667 Marked out of 1.50 P Flag question Select one: O True False Question 26 Not yet answered in the year ended 31/12/2018 total income of Palestine co , 20,000 If A partner received 5,000 annual salary and reaming divided 4:1 respectively between the two partners A and B .so Finally the amount of 10,000 should be allocated to B partner from reaming profit. Marked out of 1.50 P Flag question Select one: True False Question 27 the credit side of journal entry when new partner entering the partnership is cash or assets transfers Not yet answered Marked out of Select one: True False 1.50 Pflag question Question 28 Not yet IF A & B are two partner, A partner 15,000 capital and the same amount for B. they agree to enter new partner C what are the amount should C pay for having 50% of capital answered Marked out of 1.00 P Flag question Select one: O a. 20,000 o b. 40,000 C. 15,000 d. 30,000 Question 29 The distribution of cash to partners in a partnership liquidation is always made based on the partners' income sharing ratio Not yet answered Marked out of Select one: True 1.50 O False Flag question Question 30 Not yet answered Sameer and Sami are two partners in partnerships, divided profit & loss 5:3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sameer from remaining profit Marked out of 1.00 P Flag question Select one: a. 6,000 O b. 16,000 C. 46,000 d. 10,000 Question 12 Answer saved Ahmad an active partner receives an annual Bonus 25% of partnership net income after deducting his bonus for the year ended 2019 partnership net income before the bonus amounted to 300,000 what Ahmad bonus should be Marked out of 1.00 P Flag question Select one: a. 62,500 b. 60,000 c. 56,250 d. 75,000

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