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ormed a partnership. They agreed that their capital contributic alues and O contributed non-cash assets at agreed values 7. A, K and O d 35%, shall be aligned with their profit or loss respectively P20,000, for agreement of 40%, 25% a . A, K sh his capital, and P85,000, respectively. K first contributed P40,000 a. P160,000 compute the total cash contributions of the other partners? b. P145,000 c. P120,000 d. P105,000 Before the admission of C, the partnership of A and B reported a net asset of effect under bonus method? The above transaction will effect a: a. decrease on the capital balances of the old partner amounting to P10,000 P180,000 which A and B contn investing P60,000 far capital credit of P80,000. Which of the following is the partners contributed equally. C is admit ted each bonus of P20,000 to the new partner b. c. balance of P80,000 capital to all of the partners. d. All of the above 9. The capital balances and profit/loss sharing of X, Y, and Z just before the retirement of X are: Capital P150,000 160,000 200,000 30% 30% 40% Upon retirement, X was paid P165,000. If they agreed that bonus is to be recognized, the partnership's total capital balance after X's retirement would be: a. P360,000 b. P345,000 c. P295,000 d. P290,000