50. Federico, Alberto, Sofronio and Teodoro are partners in FAST Motorparts Company, a dealer of car spare parts. . Federico, Alberto and Sofronio invested P500,0000.00, P200,000.00 and P300,000.00, respectively. Teodoro is an industrial partner who manages the partnership. The partners have stipulatedthat Federico shall be exempt from liability to third persons. At the end of three years, the assets of the partnership have dwindled to P220,000.00 while its liabilities to third persons have a balance of P340,000.00. How much ultimately will be the share of each partner after payment to third persons and the settlement among the partners?a. P30,000.00 for each partnerb. Federico, P60,000.00; Alberto P24,000.00 Sofronio, P36,000.00; and Teodoro, none.c. Federico, none; Alberto P48,000.00; Sofronio, P72,000.00; and Teodoro, none.d. Federico, none; Alberto, Sofronio and Teodoro, P40,000.00 each.
51. John Solanda and Sons is a partnership composed of three partners, namely: Robert Solanda, Simon Solanda, and Theodore Solanda. The partners are the sons of John Solanda who has retired from business but who suggested that they include his name in the firm to give them an advantage since he is well-known in the business community.