After operating for five years, the books of the partnership of Bo and By showed the following balances: Net assets …………………………………. P130,000 Bo, capital ………………………………… 85,000 By, capital …………………………………. 45,000 If liquidation takes place at this point and the net assets are realized at book value, the partners are entitled to: A. Bo to receive P97,500 & By to receive P32,500 B. Bo to receive P65,000 & By to receive P65,000 C. Bo to receive P85,000 & By to receive P45,000 D. Bo to receive P90,000 & By to receive P40,000
After operating for five years, the books of the
Net assets …………………………………. P130,000
Bo, capital ………………………………… 85,000
By, capital …………………………………. 45,000
If liquidation takes place at this point and the net assets are realized at book value, the partners are entitled to:
Supposing that the old partnership of A & B reported the following:
Partners Capital
A P200,000 40%
B 300,000 60%
If C is to be admitted for 20% interest in the partnership by investing P125,000, then the new profit and loss ratio of A & B, respectively, in the new partnership, without specific agreement would be
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