Reference no: EM133160960
Question 1 - Partners A, B, C and D formed a partnership on January 1, 2019 with original investments P100,000; P200,000; P300,000 and P400,000, respectively. On January 1, 2021, their capital balances are P150,000; P250,000; P250,000 and P350,000, respectively. On July 1, 2021, A added P200,000 investment, B added P100,000 investment and C added P100,000. The partnership profit for year ending 2021 is P1,000,000. What is the ending capital of A after distribution of profit?
Question 2 - Partners D, E, F and G formed a partnership on January 1, 2019 with original investments P100,000; P200,000; P300,000 and P400,000, respectively. The partners agreed to divide profits by allowing 10% interest on capital balances at the beginning of the year and any remainder is to be divided according to average capital balances. On January 1, 2021, their capital balances are P150,000; P250,000; P250,000 and P350,000, respectively. On July 1, 2021, D added P200,000 investment, E added P100,000 investment and F added P100,000. The partnership profit for year ending 2021 is P1,000,000. After distribution of profit, which of the following is NOT an ending capital balance of any partner?
Question 3 - Partners J, K, L and M formed a partnership on January 1, 2019 with original investments P100,000; P200,000; P300,000 and P400,000, respectively. The partners agreed to divide profits by allowing 10% interest on capital balances at the beginning of the year, 25% bonus before interest and bonus to M and any remainder is to be divided according to average capital balances. On January 1, 2021, their capital balances are P150,000; P250,000; P250,000 and P350,000, respectively. On July 1, 2021, J added P200,000 investment, K added P100,000 investment and L added P100,000. The partnership profit for year ending 2021 is P1,000,000. After distribution of profit, which of the following is NOT an ending capital balance of any partner?
Question 4 - Partners O, P, Q and R formed a partnership on January 1, 2019 with original investments P100,000; P200,000; P300,000 and P400,000, respectively. The partners agreed to divide profits by allowing 10% interest on capital balances at the beginning of the year, 25% bonus before bonus to R and any remainder is to be divided according to average capital balances. On January 1, 2020, their capital balances are P125,000; P225,000; P225,000 and P300,000, respectively. On July 1, 2020, O added P175,000 investment, P added P75,000 investment and Q added P75,000. The partnership profit for year ending 2020 is P500,000. After distribution of profit, the capital balances at December 31, 2020 were P150,000; P250,000; P250,000 and P350,000, respectively. Before end of 2020, what is the amount withdrawn by R?