MC 2-9 assu acci Almeda and Asistio are combining their separate business to form a partnership. Cash and non-cash assets are to be contributed for a total capital of P600,000. The non-cash assets to be contributed and the liabilities to be assumed are as follows: Almeda Asistio BV FMV BVFMV Accounts Receivable P 40,000 P 30,000 Merchandise Inventory 60,000 90,000 P 40,000 P 80,000 Equipment 120,000 100,000 80,000 120,000 Accounts Payable 30,000 30,000 20,000 20,000 The partners' capital accounts are to be equal after all the contribution of assets and the assumption of liabilities. The amount of cash to be contributed by Almeda is a. P100,000 .c. P210,000 b. P110,000 d. P300,000 MC 2-10 Using the information in MC 2-9, the total assets of the partnership is a. P340,000 c. P630,000 b. P360,000 d. P650,000 MC 2-11 Using the information in MC 2-9, and assuming the excess capital credit over the fair value of the net assets transferred to the partnership is recognized as goodwill, how much is the goodwill to be credited to Asistio? a. P120,000 c. P180,000 b. P150,000 d. P300,000