Exercise 4 – 14. Withdrawal of a Partner with Bonus to the Remaining Partners HAPY Trading, Ltd was owned and managed by Hazel, Pia and Yza with the following adjusted capital account balances and profit and loss ratio: P 55,000 82,000 90,000 Hazel 50% Pia 20% Yza 30% Hazel decided to migrate to Germany with her family and decided to withdraw from the partnership venture. She was given P50,000 cash representing return of her entire capital from the partnership. Required: Compute the capital of Yza upon withdrawal of Hazel.
Exercise 4 – 14. Withdrawal of a Partner with Bonus to the Remaining Partners HAPY Trading, Ltd was owned and managed by Hazel, Pia and Yza with the following adjusted capital account balances and profit and loss ratio: P 55,000 82,000 90,000 Hazel 50% Pia 20% Yza 30% Hazel decided to migrate to Germany with her family and decided to withdraw from the partnership venture. She was given P50,000 cash representing return of her entire capital from the partnership. Required: Compute the capital of Yza upon withdrawal of Hazel.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Solve the problem correctly.
![Exercise 4 – 14. Withdrawal of a Partner with Bonus to the Remaining Partners
HAPY Trading, Ltd was owned and managed by Hazel, Pia and Yza with the following adjusted
capital account balances and profit and loss ratio:
P 55,000
82,000
Hazel
50%
Pia
20%
Yza
30%
90,000
Hazel decided to migrate to Germany with her family and decided to withdraw from the
partnership venture. She was given P50,000 cash representing return of her entire capital from
the partnership.
Required: Compute the capital of Yza upon withdrawal of Hazel.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc6e97814-9230-4cba-aef7-67f96b7d0b33%2F64fe749b-5945-4d7b-981f-b78b5d048b3f%2Fgis9tco_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 4 – 14. Withdrawal of a Partner with Bonus to the Remaining Partners
HAPY Trading, Ltd was owned and managed by Hazel, Pia and Yza with the following adjusted
capital account balances and profit and loss ratio:
P 55,000
82,000
Hazel
50%
Pia
20%
Yza
30%
90,000
Hazel decided to migrate to Germany with her family and decided to withdraw from the
partnership venture. She was given P50,000 cash representing return of her entire capital from
the partnership.
Required: Compute the capital of Yza upon withdrawal of Hazel.
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