Camel with interest 30% and capital 140,000. Seen 30% with capital 175000 and Areen 40% with capital 185000. The partners agree that Camel is to retire and received 161,000 and implied bonus method capital Seen and Areen will be: O A. 187,000 and 194000 OB. 166000 and 173000 OC. 193,000 and 209,000 OD. 184000 and 197000

Camel with interest 30% and capital 140,000. Seen 30% with capital 175000 and Areen 40% with capital 185000. The partners agree that Camel is to retire and received 161,000 and implied bonus method capital Seen and Areen will be: O A. 187,000 and 194000 OB. 166000 and 173000 OC. 193,000 and 209,000 OD. 184000 and 197000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The capital balances of the partners are presented to you before the retirement of Y: X, P40,000; Y, P35,000; Z, P25,000. P/L ratio, equally. After the retirement of Y, the capital balance of X was P42,000. How much was the cash settlement to Y? A. P31,000 B. P33,000 C. P37,000 D. P39,000
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