PROBLEM 1 PROBLEM 7

Linny Capital 252000 201600.00 Amor 37000

Tuck, Capital 126000 100800 Jerry 65000
Ming-Ming Capital 42000 33600 Aaron 48000
80% 420000 0.833333 150000 150000
Blossom 20% 84000 Rimo 30000
ANSWER C 180000
PROBLEM 2
Jet 139000
James 209000
Julie 96000
444000 355200
lester 0 132000.00 88800 43200.00
444000
ANSWER A
PROBLEM 3
Zelene 448000 50% 238000 210000
Star 1560000 33% 1420014 139986
Veann 680000 17% 609986 70014
2688000 75% 2268000
Lhars 336000 25% 756000 420000
3024000
ANSWER D, B
PROBLEM 4
40% 20% 40%
Janine Jayson Jussy
100000 90000 45000
Profit 10000 5000 10000 25000
Inventory -4000 -2000 -4000 -10000
Equip -10000 -5000 -10000 -25000
trademark -9000 -4500 -9000 -22500
Total 87000 83500 32000

Janine 87000 86000 -1000 2/3

Jayson 83500 83000 -500 1/3
Jussy 32000 33500 -1500
202500
ANSWER A, B
PROBLEM 5
Ella 600000 -300000 300000 487500 187500
Daisy 400000 400000 587500 187500
Rosali 300000 300000 425000 125000
1300000 1000000 1500000 500000
Angel 300000 300000 600000 500000
1600000 1600000 2000000
ANSWER A
PROBLEM 6
20% 30% 50%
 Yui IU Sedsed
100000 200000 200000
other asset 20000 30000 50000 100000
total 120000 230000 250000

Yui 120000 116000 -4000

IU 230000 244000 -14000 70%
Sedsed 250000 240000 -10000
600000 600000
ANSWER D
PROBLEM 9
Sean 74000
Robert 130000
Joseph 96000
300000 300000
Lahrs 75000
375000
ANSWER A
PROBLEM 10
Aly 170000 157750 -12250
Nicole 260000 254750 -5250
430000 412500 -17500
Karen 120000 137500 17500
550000 550000
ANSWER D
PROBLEM 11
Western 60000
Pate 20000
80000 76000 -4000
Grant 15000 19000
95000 95000
ANSWER B
1. False new partners may still receive depending on agreement
2.False not always
3. False ALL consent of partners
4. True
5.True
6
7. True
8. True could be purchasing or service
9. True
10. True
11. True
12. True
13. False Still need consent before admitting
14. False Liquidation
15. False
16. True
17. False PL ratio
18. False Revaluation Method
19. True
20. True
21.True
22. False maintains
23. False personal gain
24. True
25. True
26. True
27. True
28. False maintains
29. True
30. False always may bonus kapag revaluation
31. False existing partners magbibigay bonus not receive
32.True
33. False By agreement or ratio
34. False not always
35.True
36.False Dissolution muna
37. False
38. False depends on agreement
39. True
40.True
41. True
42. True
43. True
44. True
45. False need notice
46. True
47. False capital ration may be diff from pl ratio
48. True
49. True
50. False maintains
51. False personal gain
52. False personal gain
53. False ???
54. True
55. True
56. False both dissolves
57. True
58. False
59. True
60. False gain
61. True
62. True
63. false maintains
64. True
65. True
PROBLEM 1
A, Capital 40000 28000 -12000
B, Capital 20000 17000 -3000
60000 45000.00 -15000.00
C, Capital 15000 15000.00 0.00
Journal entry 60000 0
A, Capital -12000
B, Capital -3000
C, Capital 15000
ANSWER B
PROBLEM 2
A 0
B 0
C 15000
1 60000

PROBLEM 3
A
B
C 20000

PROBLEM 4

PROBLEM 5
A

PROBLEM 6

PROBLEM 7

PROBLEM 8
PROBLEM 9
PROBLEM 45 Pre-Profit Pre-Bal Post-profit New Bal Profit before Admission
50% A 620000 93750 713750 663750 -50000 25000 688750 250000 75%
30% B 500000 56250 556250 526250 -30000 15000 541250 After Admission
20% C 330000 37500 367500 347500 -20000 10000 357500 250000 187500
1450000 1637500 1537500 -100000 After D profit
20% D 412500 512500 12500 525000 62500 12500
2050000 2050000
ANSWER: B

PROBLEM 46
A

PROBLEM 47
C

PROBLEM 48
B

PROBLEM 49
C

PROBLEM 50
C

PROBLEM 51
C

PROBLEM 52
D

PROBLEM 53
B

PROBLEM 54
B
PROBLEM 55
B

PROBLEM 56
B

PROBLEM 57
D

PROBLEM 58
C

PROBLEM 59
D

PROBLEM 60
C
PROBLEM 61
B
PROBLEM 62
B
PROBLEM 63
A
re Admission
187500

62500

50000
PROBLEM 1
D ₱900,000.00 ₱900,000.00
E ₱800,000.00 ₱320,000.00 ₱480,000.00
F ₱700,000.00 ₱700,000.00
₱2,400,000.00 ₱2,080,000.00
G ₱0.40 ₱320,000.00 ₱320,000.00
₱2,400,000.00
ANSWER B
PROBLEM 2
A ₱1,400,000.00 ₱1,420,000.00 ₱20,000.00
B ₱700,000.00 ₱820,000.00 ₱120,000.00
C ₱900,000.00 ₱960,000.00 ₱60,000.00
₱3,000,000.00 ₱3,200,000.00 ₱200,000.00
D ₱1,000,000.00 ₱800,000.00
₱4,000,000.00
ANSWER A
PROBLEM 3 AND 4
A ₱1,100,000.00 ₱950,000.00 -₱150,000.00
B ₱1,200,000.00 ₱1,170,000.00 -₱30,000.00
C ₱700,000.00 ₱580,000.00 -₱120,000.00
₱3,000,000.00 ₱2,700,000.00 -₱300,000.00
D ₱500,000.00 ₱300,000.00
₱3,500,000.00 ₱3,000,000.00
ANSWER B, A
PROBLEM 5
S ₱784,000.00 ₱416,500.00 -₱367,500.00 0.50
A ₱2,730,000.00 ₱2,485,000.00 -₱245,000.00 0.33
T ₱1,190,000.00 ₱1,067,500.00 -₱122,500.00 0.17
₱4,704,000.00 ₱3,969,000.00 -₱735,000.00 0.75
D 588000.00 ₱1,323,000.00 ₱735,000.00
₱5,292,000.00
ANSWER D
PROBLEM 6
E 30000 35475 5475
M 70000 82775 12775
100000 118250 18250 60000.00
R 55000 43000 -12000 10000 cash
L 60000.00 53750 -6250.00 50000.00
215000 215000 0
ANSWER C
PROBLEM 7, 8 PROFIT 130000 NEW BAL
Juliet 200000 179000 -21000 52000 0.40 231000
Kilo 220000 181000 -39000 52000 0.40 233000
420000 360000 -60000
Lima 180000 240000 60000 26000 0.20 266000
600000 600000 0
ANSWER C, A
PROBLEM 9, 10 PROFIT 130000 NEW BAL
Juliet 200000 147500 -52500 52000 0.40 199500
Kilo 220000 122500 -97500 52000 0.40 174500
420000 270000 -150000
Lima 180000 180000 0 26000 0.20 206000
600000 450000 0
ANSWER B, D
PROBLEM 11
A 120000 120000 145000 25000
B 160000 -40000 120000 170000 50000
C 400000 400000 425000 25000
680000 640000 740000 100000
D 280000 40000 320000 300000 20000
960000 960000 1040000 80000
ANSWER B
PROBLEM 12
A 500000 462500 -37500
B 300000 187500 -112500
800000 650000 -150000 40%
C 200000 350000 150000
1000000 1000000 0
ANSWER A
PROBLEM 13
A 400000 404000 4000
B 300000 316000 16000
700000 720000 20000
C 100000 80000 -20000
800000 800000 0
ANSWER C
PROBLEM 14
U F C
10000000 20000000 30000000
PPE 3000000 4500000 7500000 15000000
INCOME -1000000 -1500000 -2500000 -5000000
12000000 23000000 35000000

F 23000000 21875000 -1125000

C 35000000 33125000 -1875000
58000000 55000000 -3000000
U 12000000 15000000
70000000 70000000