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check my answer please!!!!! Danny Oruz and Angela Hufford are partners, and each has a capital balance of P40,000. To gain admission to the partnership,
check my answer please!!!!!
Danny Oruz and Angela Hufford are partners, and each has a capital balance of P40,000. To gain admission to the partnership, Derek Peters pays P25,000 directly to Ortiz for one-half of his equity. After the admission of Peters Ortiz share of the partnership equity will be Select the correct response P40.000 WEDDI000 P2B000 DONDOO10 This type of Profit and Loss distribution may prove inequitable if there are material changes in the capital accounts during the year. Select the correct response: Average capital balances Capital balances, end Capital balances, beginning Original capital contribution Thu Faith hope, and Love are partners sharing profits and asses in the ratio ac and have capital balances of P800,000, P800,000, and P400,000, respectively. Mercy pays P220,000 directly to Love for 1/2 of her share in the partnership. Partners agree that time to revalle the assets of the partnership using as a basis, the amount Mercy is willing to pay I Point Total asset revaluation amounts to Beledd the correct response P200,000) OPA0,000 P40,000) 200.000 The Mystery Corporation issued 4,200 shares of P60 par value ordinary Sheres ar pao per share, land 5,600 shares of P50 par value preferred shares at P60 per share The total amount that would be credited to Share premium of both preferred and ordinary shares is 1 Point Select the correct response P 126,000 P 98,000 P 140,000 P 112,000Step by Step Solution
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