Question 10f 30, 1 Pint Poul Mebinand Eck te prrers shang tsa loses inte acc 221. uly 31.2018 ther septa nalones areas foes Pau -P7OD000 ‘Melin- Poc000, hck-PeoD go. The patnrs agree to aor Lauece cn te flowing conons: 2 Laurenc spay Poul P0000 for 1/2 of Pauls iret © Lewence eeu ie nestPs0c00." nepannernp, Theta rarest of Laurence 208 of nel pameatipcapal whic 9 alsa snare Inthe ne parmersnp profit and ss shang ate. Te a anes ee sharing nao ate atte percentage cf Eves sparen me new po endlos naring ae? ‘See ne cone esponse: 208 10% Om Question 2 of 30, Point ‘Ben anc ic ate panes whe share pois aralosses neva of 6 respectely 09 May 2010 tar especive captal acceurs wees flows: ‘ben e000 ‘On Gate Lto was aamneo.as 8 parmer wn ¢ ones meres neal ae ores oan neste ot P4,00. Te new narmerenio Degen wine ‘otal canta of P1500 lnmecstey efter Los emission, bers cepkl account blece Shoda Seber me conser responce ‘e000 ‘rsoo00 © Ps:c00 secon Question 3 of 30 ‘Total partners’ equity remains the same if a new partner is admitted by purchase of interest. In partnership dissolution, bonus Is computed as a percentage of net income. ‘Select tne correct response Both statements ae false. Only statement 2 is tue, Both statements are true. © Only statement 1 istrueQuestion 4 of 30 1 Pint carina began ae pares wh celal 60000 and #2000 respectively Tey share pein meratoof 37. The panne gia gat Clad feta ages captal is ase on Cale coruuton and ale nests P3000 fo 15% netestin he fim, whet is Megas capa arte amisson cos Select the cont espns © Pezs00 pavers Question 5 of 30 iat nen tenes fm me parrranig ofl Sil anal seriement fer meres exeenec ne capa ance Under the ous meme the “soer ns conervensanse Was cond aan erase Hear eecton ie capal ances of an i (© reacesmeceota ralance fla Question 6 of 30 ‘The admission of a new partner involving bonus will result in Select the correct response © Bonus to either old or new, but not both Bonus to thenew partner only None of the given choices Bonus to the od partners onlyQuestion 7 of 30 Point (on zune 30,2018 ne condensetalanc see frre parnesnp of 2c, Fx anc Grmm ogetrer wen re espace wah et respecte poh an logs sharing percentage was flows ‘Asses nt rls? 220000 ‘Sm, capal (208) 64000 P00 ony ceded tre tom me pacar ana by muta yrererssto ne pla P16, 020 ut af parnersnip funds forms imerest Ta gccoul Impcn nth gferart so beveccras sft Eoa/seeerar, what are ne canta Sances of Ne ane! parel2) Select te conect sponse: (© anp0ap 2na00(6Amm) (© 102000000 68 00(66mm) (© e4p00(ron s¢o20(ermm) Question 8 of 30 1 Pint ‘Mathew Palo anc Clause sherepararsnp profits ne rato 235 On Septercer 30, lau ozte a et fom te parmersnp. ror Caves ‘everen, neceptslcaloces ott tree ares at 725000 Ps0.000 and #38000, reece, Hom men s Pauls apa ate Clauses retemertf aude spaia30000In ful sreersant at is pannerip eras? eters conser seams » paspo ) Pango © pxra0e Question 9 of 30 Point {ov Parnerspcecceoe aomit = wn prcnased 820% meet fom, nose cepts balance Was P4000. paler P109000.Thejeural eney ‘eoremeaamasin FE whincucesQuestion 10 of 30 1 Point aul Welinana Ec pants sarin fe an sees inthe too 221. On uy 21.298 ar capa balances ae a olows Paul-P700000, Iwevin=P500000 Eck: Pao, 000. Teper agre to som Laverce on te flowing conaions: 2 Leverce’stopay Pou Pu0D)000 for 1/2 cfauls ices, Laurence eazo te nestPa00 000 ne paner=n. Tete rest of Lautence 256 one os pahersnp canal wich is sons srae mene gates roan oss shang ato Trecla parmes are shang neat, How mushisPautscaptl ater aomission of Laurence? Select me conse response © Preop0e © Fav0p00 © Paso000 Question 11 of 30, 2 Point ‘She panrerane st Noynoy any ane leo nave cant secout eleces a felons Neyney-P25009 Wanny-Psbeee Gee Pupece Therereteane lotsa are 20% 20%, an 20%, respect. in te consent i Noyray and any, oe oa ere cfs nest to Erep fr F300 Gino was Dad ncosnoyEap what hecaptal bles of Marry fterthe sisson of Ep tothe presi? Slt a conser espanse © Pr.00 © Pasp00 (© Psap00 Question 12 of 30, Polat ‘Sana are garners sharng profs naosses inte rao 73. On January 1.2013 me crear alanceeaptl accounts ae P3000 fers ane P20000 fr 1. iis toe somites as pene by owing 808 oF Bs nest forPz0000 ‘The capta lance cfs ater Ws aomissions Saber meconect sponse 6 A 00 badQuestion 13 of 30, oi ‘caR Parneranip decide to aemit Eno invests P7100 000 for» 25 nterestin he srinerstp ith otal eapalzaten of P5000 The oumel erry to ferrets semssan ste wilinuse Seecreconect sponse © Arecognonctacnusto= Ne enuete neresognzes ‘Areconnionotsonust0¢.& Range ‘Arecogrionftenust© 6. AandR Question 14 of 30, Point itn tne anks ‘Sancta aa Joshua a parnass Thay nave capil eceuntbaances of 250000 ana #20000, respecte and hey rare profs an bsses 7/30. The parrers re conserng arvaing yas re parte wen a25 perce equty retest for an esmentn be parmersnpctPISOO00 Beto {rnsuon Senae ang Jos wil ealetnepermarsng eat 1Lirme ne ncreseinsnesornersps assess P1250, ana wile me paler i Sena cpt accovnc Immediately eee Juays smsson? 287500 onetusecomme,oecmnel er o850 608) Question 18 of 30, Point 00, clare, ana Jack ae panes wo sare pits aa losses 30 percent, 25 parent ana 48 percent rescectely Eco nformes Clare ana vacknatne 'Swvngrang fom te parresno The ernes capt scent the de of Bobs tna are P5900, 725000, ons 225000 respec The penne egresment stats tat me pce any of te winorening peter woe recognaec fr alianersinmedkte orto tne winaawl any panne nie mete, ne paras ceterretnar he geod aescc ate win Bob P22 500 1. assuring at B05 uty purcasedby anew perme eborm apoved by Cate nd Jc nas ance eb lap cecoune [172509 | Donetusecemms, ema 585084) Question 16 of 30 Point er ana at ar parrrs wn captaloaancs of #50000 ana #2000, respect Profs analasss ere dean te roof 6040 Ker and Pate (Geoe to aor Grant wre esta anc value at P13 000 fr 2208 capa eet ne pares 1. lens copra ecour steve oe eoten‘er [19000 | (Doneuseconma ascma rees0San) Question 17 of 30 point \inen me goo meno is poles to recorize me esmsson oe new grr and me exthg pares re response ere gow ene parnercepal scour wl aways be establanec equal othe amoun of te contbutcn tote paraersn Scie conectresponse O tre aseQuestion 18 of 30 Point itn ineanie ory Susan ona vale se pares aro share rors ar loses 26 4, 20 25 peer, espetNel. The pares hav cepa accoun belences et ando0 prio ans ess 000, rxpechel Marys wibarening tem te perneship Sethe ste of wala he peners se revkdngal Ne arerengs assets on erase oF P200000 +. wnat wi ote enour of seal on ne parnersnps nsance shee immense star hanyswenaavat? [aa5009 | (Conetuse cama, cecal 80 899) Question 19 of 30, Point Parrers Nz Pat ara Candy snare pois analosses 892029 respacwe. Capaloaarce ate P7400, P130000 anc 86000 ressectely. The carynp aus st szass anges se syn satnarvarvalas spmnslevosssanieess sey nenmeryineaoucapta ersreng oom ana cfprois ana sees inexcrange fre casnconreutor Nobonus S10 eTecteo Hom much shole Emi contre? Seber meconec response e000 90000 (© F750 9sa00 Question 20 of 30 Point ‘age ane ime are paras wan capa lances of P4sa.o00 ana P602000 respecte Thay snare pots analosss equal. They cece ts amt 179188 2parer wn wl nest P200000 or 0 mere Tra gree aot gP.250000 Yen of me felowng semen s vue? Dae captlatermne savin tne aust Ps9000 (© Thee peiauaon tase equate P5000 rans copa is createator Prsooo Dade an ina eve #5000 bans for Jn Question 21 of 30 int iri me oars “nepanneren ot clin Seares ane Ginger nasetalesptslet 0000 on Datenoer =) abet afew Gilgen capt So8).-.12c000 ‘SkpperCaptal ass) 25000, Ginger Capes). 135000 Prortana oss snarng sercenans ste sos in ptenmeses. Te parnerenp nas no ices. 1a on became paerby muesingP1SO000 he ian, Spend ge panne fr 25 pecrinares capt and rt an craparmesip elas srenetrevoues Vay Ascent cect usngteorusmttedsteusbe | 62060 |. (Donetse come cei crpesoson)Question 22 of 30 New partners are never recipients of bonuses when they join the partnership. ‘Select the correct response: True Question 23 of 30 Point rete aye agn av sare aac P80 500 re PLGOCOaecHahTRESTaERE Mae EEA TAGE HET TECHS fro bonus is recognzed ar Cale nests P3600 for 20% resin fem, whats Megan apa afer tn amiss of Cale? esermecanser sons © e150 Question 24 of 30, 1 Pict nan pera sce aero ot eat para nthctansflom tn parr, he wincavng panes aquymastoe scauted ty he parersnp canner be argured ay on cute mvestror tne cestg pater personaly Sect iecorece rescence OTe Question 25 of 30, Point iin oenss rts nar re paras who shae profs and sees 70/50 They nave cep acount balances of 170000 ana P260.000 respecte athe dae ‘ey ace rank mothe parte. rank nsis P1200 in he pants fers 25 percent equ Mest aa te rus eo app. 1. wnat etre peso ameuntofmerecucton 19k captal account atthe date of aamision? 12750 | [Donotusecomma, ccmal peso san)Question 26 of 30 Apartnershio agreement most likely will stipulate that assets be reappraised when. ‘Select the correct response: Appaniner cies © New partner is eamitted to the periners! Profits/losses are being distriouted The partnership is liquidated Question 27 of 30, 1 Point “Te cots acouns ofthe parmersip of Rand O on January 30,2014 eeas fans festa P2000 cepts P9000 “he porters sare profs nclossesin thematic Theparrersi is esprete fer cash and hey agrees tbat as new parnerwth 21/3 reesin capa ane profs upon melanie’ captal nusion of P5020. ees omiston wnat ene coresponang capt alsnces of oan spect assuming setts lable ae ay ae? Slr comec response sagon- Peau P0000 (© seen psze0n #50000 sngna Psnooo, Pso0n0 Question 28 of 30 \Witherawing partners from a partnership may receive @ bonus of pay @ bonus to remaining partners. Select the correct response © tne FelseQuestion 29 of 30 Point ‘hare ano Megan se parmers win cols oT 80,000 ana P40 000 receive Tey sre pots nteretoot 31. THepaTner are tos Cleo peamemter oft fim tre sors is recognzes ar Cae nests P0000 for 8 0% mereatin nem, wretstre pote srerng eto Gare ate tne aissin of cla? Select ine coer espone © 3388 Question 30 of 30 I the assets of a partnership are revalued at the date of a partners wiharawal, nere can be no Donus recorded. Select the conect response: O Tue