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onsasa and Mendoza are partners sharing profits In tigers respectiv 7 . 3. horan. 1, Ragasa and Mendoza decided to admit Gamesin of a new

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onsasa and Mendoza are partners sharing profits In tigers respectiv 7 . 3. horan. 1, Ragasa and Mendoza decided to admit Gamesin of a new partner vely fall Investment of P3.000 on this date, their interests in the Partnership arbon follows: Ragasa, P11,500; Mendoza, P9,300. allowming that the new partner is given a 1/3 interest in the prim, with bonus bos cowed to the new partner, the new capital balances of nagasa, Mendoza ing Gangoso respectively, would be . P11,520, P7, 680 and P9, 600. a. P10,540, P8,660 and P9, 600. d . P12, 480, P8,320 and P8,000. b. P11,500, P9,300 and P8,000. *. In the Ravelo-Cabance partnership, Ravelo and Cabance had a capital ratio of 3. and a profit and loss ratio of 2:1, respectively. The bonus method was used record Futalan's admission as a new partner. What ratio should be used to allocate to Ravelo and Cabance, the excess of Futalan's contribution over the amount credited to Futalan's capital account? a. Ravelo and Cabance's old capital ratio. b. Ravelo and Cabance's new relative capital ratio. c. Ravelo and Cabance's old profit and loss ratio. d. Ravelo and Cabance's new relative profit and loss ratio. Sunglao and Gadia are partners who have agreed to admit Claudio-Ty, who will invest P150,000 for a 20% interest. The previous capital balances were P150,000 and P300,000 for Sunglao and Gadia, respectively. Sunglao and Gadia shared profits and losses equally. 5. What amount will be recorded in Claudio-Ty's Capital account? b . a. P60,000 credit P90,000 credit c. P120,000 credit d. P150,000 credit 6. What is Sunglao's Capital account balance after admitting Claudio-Ty? a. P180,000 credit balance b. P165,000 credit balance c. P135,000 credit balance d. P120,000 credit balance

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