1. A, B and C are partners with capital balances and profit and loss ratios of P50,000 (30%), P70,000 (20%) and P79,500 (50%), each respectively. The partnership owes C P20,000, while B owes the partnership P10,000. D is admitted into the partnership by purchasing 1/2 of the capital of B for P40,000 and investing P30,000 for a 40% interest in the partnership. The partners agree that there should be asset revaluation. After Ds admission, total partnership capital will be P300,000. How much is the capital of B after Ds admission? a. 38,100 b. 35,300 c. 34,100 d. 39,100 How much is the share of D in the asset adjustment after Ds admission?

a. 55,000 b. 50,000 c. None d. 22,000

How much is the capital of C after Ds admission? a. 104,500 b. 77,250 c. 89,750 d. 79,500