Esterlina Gevera. Edelyn Tropico and Evelyn Canque are partners of City Travel and Tours. As at December 31, 20A, the Statement of Financial Position reveals their respective capital balances and the profit and loss ratio as follows: On January 1, 20B, Lord Aguilar is admitted in the existing partnership by allowing him to purchase 1/4 shares of the partnership's interest and pays P250,000 provided that all partners will continue to participate their share of profit in the original ratios. Q-1 What is the capital credit of Aguilar? a) P200,000 c) P300,000 b) P250,000 d) P350,000 Q-2. Who shall receive the payment? a) Gevera c) Canque b) Tropico d) partnership Q-3 What should be the new profit and loss ratio of the partners? a)b)15%c)20%d)15%Gevera25%30%15%35%Tropico10%30%20%25%Canque45%25%45%25%Aguilar20% Q-4 What is the partner's equity balance of Gevera after the admission of Aguilar? a) P157,500 c) P255,000 b) P187,500 d) P300,000