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all 5. Partner's P and Q has capital balances of P358,500 and P300,000 respectively before admitting R P and Q share profits and losses in
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5. Partner's P and Q has capital balances of P358,500 and P300,000 respectively before admitting R P and Q share profits and losses in the ratio 6:4.R paid P225,000 in exchange for 30% interest in the partnership as well as the profits and losses. 7. How much is the capital of partmer P after admission of R ? a. 250.950 b. 250,590 c. 279,480 d. 269,580 8. How much is debited from the capital of partner Q upon R 's admission? a. 120,000 b. 90,000 c. 79,020 d. 105,360 9. Assume that an equipment is undervalued, how much are the undervaluation of the equipment and the capital balance of parmer Q after admission of R rerpectively? a. 85,000 and 336,600 b. 100.980 and 235,620 c. 91,500 and 336,600 d. 91,500 and 235,620 Step by Step Solution
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