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What is the ending capital balance of M

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Question 1 - On January 1, 2021, the partners X, Y and Z have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit W who will purchase 50% Z's interest for P200,000. The new set of partners agreed to divide profits equally. If the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of W?

Question 2 - On January 1, 2021, the partners R, S and T have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit Q who will invest P200,000 for 1/4 interest in the new partnership. The new set of partners agreed to divide profits equally. If the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of Q?

Question 3 - On January 1, 2021, the partners E, R and M have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit G who will invest P250,000 for 1/4 interest in the new partnership. The new set of partners agreed to divide profits equally. Before the admission of G, the building owned by the existing partnership is overvalued by P100,000. Excluding the overvaluation of the building, if the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of M?

Question 4 - On January 1, 2021, the partners T, E and A have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit M who will purchase 50% of A's interest for P250,000. The new set of partners agreed to divide profits equally. Before the admission of M, the building owned by the existing partnership is overvalued by P100,000. Excluding the overvaluation of the building, if the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of A?

Reference no: EM133157700

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