The capital balances and profit and loss ratios of the partners in ABC Co. are as follows: Capital 40,000 60,000 80,000 P/L 40% A B 30% 30% Total 180,000 D purchases 25% of A's, B's and C's capital interests for P60,000. The partners used the 'book value method' to record D's admission. Which of the following statements is most likely to be correct? O The partnership's total equity increases after recording D's admission. The admission of D is accounted for as a transaction between D and the partnership. Goodwill of 15,000 must be recorded, according to the PFRS

The following are the capital balances and share in each profit of Ring Partnership:Aragorn                           150    40%Legolas                            250    40%Gimli                                300    20% 9. If Gandalf was admitted by investing sufficient cash for 20% interest, how much must be his investment?10. If Gandalf was admitted by paying the partners P100 for 10% interest in the firm, how much will be the capital of Aragorn after the admission if implied goodwill was recorded?11. How much did Gandalf have invested for 25% interest if after his admission in the firm the capital balance of Legolas increased by P20?12. If Gimli withdrew from the firm and received P360, how much is the capital of Legolas if prior to withdrawal, the firm recorded a goodwill of P200.13. If the partnership was liquidated and P250 is ready for distribution, how much will Gimli received?14. If the partnership was liquidated and Gimli received P210, how much did Legolas received?…

a. Prepare a profit distribution account for the year ended 31 October 2021.  b. Prepare the partners' current accounts (in columnar form) for the year to 31 October 2021. c. (Note: All the figures must be rounded up to the nearest RM)   note i need the answer in full format thank you