ADMISSION NEW PARTNER INVESTSPROBLEM BAcacia and Karla capital is P480,000 and P520,000. Profit share ratio is 4:6. Bubbles Invested P500,000 for a 30% Interestin the partnership.3. What is the capital of Acacia after admitting Bubbles?a. 480,000b. 500,000c. 520,000d. 550,0004. What is the capital of Karla after admitting Bubbles?a. 480,000b. 500,000c. 520,000d. 550,0005. What is the capital of Bubbles after admission?a. 450,000b. 500,000c. 520,000PROBLEM Cd. 550,000Partners All and Charish capital is P480,000 and P520,000. Their share profits and losses equally in their merchandisingbusiness. After admitting Blaire, they agreed to have a total capital of P2,500,000. The new partner invested P500,000 fora 30% interest in the business.6. What is the capital of Ail and Charish after admitting Blaire?a. 500,000 and 750,000b. 750,000 and 855,000c. 855,000 and 895,000d. 895,000 and 855,0007. What is the capital of Blaire after admission?a. 500,000b. 750,000c. 855,000d. 895,0008. How much is the amount of bonus to or (from) Charish?a. 0b.125,000c. (125,000)d. (250,000)9. How much is the revaluation credited to Ail?a. 0b. 250,000c. 375,000d. 500,000

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PROBLEM B EW PARTNER Acacia and Karla capital is P480,000 and P520,000. Profit share ratio is 4:6. Bubbles Invested P500,000 for a 30% Interest In the partnership. 3. What is the capital of Acacia after admitting Bubbles? a. 480,000 b. 500,000 c. 520,000 d. 550,000 4. What is the capital of Karla after admitting Bubbles? a. 480,000 b. 500,000 c. 520,000 d. 550,000 5. What is the capital of Bubbles after admission? a. 450,000 b. 500,000 c. 520,000 d. 550,000

PROBLEM B EW PARTNER Acacia and Karla capital is P480,000 and P520,000. Profit share ratio is 4:6. Bubbles Invested P500,000 for a 30% Interest In the partnership. 3. What is the capital of Acacia after admitting Bubbles? a. 480,000 b. 500,000 c. 520,000 d. 550,000 4. What is the capital of Karla after admitting Bubbles? a. 480,000 b. 500,000 c. 520,000 d. 550,000 5. What is the capital of Bubbles after admission? a. 450,000 b. 500,000 c. 520,000 d. 550,000

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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3. Show solution in good accounting form
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