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Rebecca miranda and stephanie calamba are partners

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30.Rebecca Miranda and Stephanie Calamba are partners with capital balances of P400,000 andP200,000, respectively.They share profits in the ratio of 3:1.The partners agreed to admitTheodore Calaguas as a member of the firm.Assumed that Theodore Calaguas invested P240,000 for one-third interest in the business.Thetotal agreed capital is P840,000.The total contributed capital equal toa.840,000c.560,000b.600,000d.240,000
31.When a partner withdraws from a partnership taking assets that represents less than his capitalbalance
32.Nigell paid Trish P600,000 for her P400,000 interest in a partnership.On the partnershipbooks
33.Which of the following results in the dissolution of a partnership?
34.The admission of a new partner under the bonus method will result ina.Bonus to either the new partner or the old partners, but not bothb.Bonus to the old partners only
c.Bonus to the new partner onlyd.None of the above35.A partnership agreement most likely will stipulate that assets be reappraised when
36.Total partners’ equity will not change when withdrawing partner
37.When Rivera retired from the partnership of Rivera, Nolasco and Andres, the final settlementof Rivera’s interest exceeded Rivera’s capital balance.They share profits and losses equally.Under bonus method, the excess

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Term
Winter
Professor
Jobet King Dimaculangan
Tags
Balance Sheet, Corporation, partner

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