n January 1, partners C , D and E who share profits and losses in the ration of 5:3: 2, respectively, decided to dissolve their partnership. On this date, part of the partnership

condensed balance sheet was as follow:

Liabilities and Partner's Equity

Liabilities 60,000

C, Loan 20,000

C, Capital 60,000

D, Capital 90,000

E, Capital 70,000

= 300,000

You are given the following independent cases:

A)The partners decided to admit Fay under the following conditions:

1.1/3 of D interest was to be purchased by F for P50,000,

2.F makes additional contribution to make her total capital credit 20%, and

3.No bonus is to be recognized.

How much should be invested by F?

What is the revised partner's equity?

B)

A new partner, F will be admitted to the partnership for a 20% interest and a P10,000 bonus.

How much should F invest?

What is the revised Partner's equity?

C)F is admitted for a 20% interest in the partnership by paying P50,000 to D&E Interest is transferred in proportion to their capital balances.

How much is the revised partner's equity?

D) F wishes to invest cash for 20% interest based on old partner's equity.

How much would F capital credit?

E) F, a new partner, will pay the partnership P60,

000 for a 20% interest in the partnership. Old partners

agreed to recognize assets revaluation for the new partner.

Given the above information, is the agreement valid? Prove it.

F) C wants to retire from the partnership. The partner decided to give her P100,

000 for all her interest knowing that the fair value of the real estate of the company has appreciated with the opening of foreign investments in the area.

What would be the partner's equity after C's retirement?