rartners Yacapin, Babaran, and Cuenca share profits and losses in a 5:3:2 ratinTespectively. Yacapin wishes to leave the partnership, so the assets are revaluedand are found to be overvalued by P60,000. If each partner had a capital balance ofP200,000 prior to Yacapin's notification of withdrawal, what amount should Yacapinbe allowed to withdraw from the partnership?a. P230,000b. P180,000c. P170,000d. P140,00017 When a partner withdraws from a partnership taking assets that represent less thanhis capital balance,1no bonus results.b. the remaining partners receive a bonus.e the withdrawing partner receives a bonus.d. the remaining partners owe the withdrawing partner the difference.a.perdio paid Tria P600,000 for her P400,000rtnership books,16. and and losses in a 5:3:2 ratio,respectively. to the so the are revalued

Profit sharing ratio of Yacapin Babaran and Cuence is = 5:3:2 Asset overvalued by 60000. So it has…

6. Partners Yacapin, Babar respectively. Yacapin w and are found to be ove P200,000 prior to Yacapi be allowed to withdraw a. P230,000 b. P180,000 c. P170,000 d. P140,000 17. When a partner withdra his capital balance, a. no bonus results. b. the remaining partners c. the withdrawing partn d. the remaining partners

6. Partners Yacapin, Babar respectively. Yacapin w and are found to be ove P200,000 prior to Yacapi be allowed to withdraw a. P230,000 b. P180,000 c. P170,000 d. P140,000 17. When a partner withdra his capital balance, a. no bonus results. b. the remaining partners c. the withdrawing partn d. the remaining partners

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: accounting
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