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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
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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rartners Yacapin, Babaran, and Cuenca share profits and losses in a 5:3:2 ratin Tespectively. Yacapin wishes to leave the partnership, so the assets are revalued and are found to be overvalued by P60,000. If each partner had a capital balance of P200,000 prior to Yacapin's notification of withdrawal, what amount should Yacapin be allowed to withdraw from the partnership? a. P230,000 b. P180,000 c. P170,000 d. P140,000 17 When a partner withdraws from a partnership taking assets that represent less than his capital balance, 1 no 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 P400,000 rtnership books, 16. and and losses in a 5:3:2 ratio, respectively. to the so the are revalued
Transcribed Image Text:rartners Yacapin, Babaran, and Cuenca share profits and losses in a 5:3:2 ratin Tespectively. Yacapin wishes to leave the partnership, so the assets are revalued and are found to be overvalued by P60,000. If each partner had a capital balance of P200,000 prior to Yacapin's notification of withdrawal, what amount should Yacapin be allowed to withdraw from the partnership? a. P230,000 b. P180,000 c. P170,000 d. P140,000 17 When a partner withdraws from a partnership taking assets that represent less than his capital balance, 1 no 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 P400,000 rtnership books, 16. and and losses in a 5:3:2 ratio, respectively. to the so the are revalued
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