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1.) D 2.) C 3.) B 4.) C 5.) D 6.) A 7.) A 8.)B 9.) C 10.) C 11.) B 12.) C 13.) B Solutions: 1:Matias Pagayon Pescasiosa 45000 105000 200000 (61000) (61000) (30500) ->share on loss 10000 ->offset of loan =6000 -> Investment due to net cap deficiency 2:Gumban Danlag Escriba 45000 105000 200000 (61000) (61000) (30500) (16000) 44000 169500 + Gumban loan P10000
3: Jerusalem Rebusora 641976 728352 (20000) (35000) (5500) (6700) (2000) (3600) =614476 =683052 4: 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset. 5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna 1297528/.8=1621910x.2=324382 -> Cash contribution 6: 1297528/2= 648764 648764-614476= 34288 648764-683052=(34288) 7. Jerusalem= 648764+130000-50000=728764 Rebusora 648764+130000-65000=713764 Lazerna 324382+65000-28000=361382 8. 70000-28000=42000x3/6=21000 Cap deficiency of Zulueta =(2000) x3/5= (1200) 40000-21000=19000-1200=17800 9: Ramos Seechua Tria 124000 124000 304000 (172000) (172000) (172000) --------------------------------------------------------- (48000) (48000) (132000) 48000 48000 (48000) 132000-48000=84000 10: Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.) 11:50000x3/5=30000 12 950000+50000=1000000x.2=200000 100000-200000=-100000+50000(loan)=-50000 Investment=50000 13: 23200-3000=20200-22000=1800 1800x3/21=257 60000-25000=35000 35000x3/21=5000 5000+257=5257
1.) D 2.) C 3.) B 4.) C 5.) D 6.) A 7.) A 8.)B 9.) C 10.) C 11.) B 12.) C 13.) B Solutions: 1Matias Pagayon Pescasiosa 45000 105000 200000 (61000) (61000) (30500) ->share on loss 10000 ->offset of loan =6000 -> Investment due to net cap deficiency 2Gumban Danlag Escriba 45000 105000 200000 (61000) (61000) (30500) (16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora 641976 728352 (20000) (35000) (5500) (6700) (2000) (3600) =614476 =683052 4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset. 5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna 1297528/.8=1621910x.2=324382 -> Cash contribution 6. 1297528/2= 648764 648764-614476= 34288 648764-683052=(34288) 7. Jerusalem= 648764+130000-50000=728764 Rebusora 648764+130000-65000=713764 Lazerna 324382+65000-28000=361382 8. 70000-28000=42000x3/6=21000 Cap deficiency of Zulueta =(2000) x3/5= (1200) 40000-21000=19000-1200=17800 9. Ramos Seechua Tria 124000 124000 304000 (172000) (172000) (172000) --------------------------------------------------------- (48000) (48000) (132000) 48000 48000 (48000) 132000-48000=84000 10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.) 11. 50000x3/5=30000 12. 950000+50000=1000000x.2=200000 100000-200000=-100000+50000(loan)=-50000 Investment=50000 13. 23200-3000=20200-22000=1800 1800x3/21=257 60000-25000=35000 35000x3/21=5000 5000+257=5257
1.) D 2.) C 3.) B 4.) C 5.) D 6.) A 7.) A 8.)B 9.) C 10.) C 11.) B 12.) C 13.) B Solutions: 1Matias Pagayon Pescasiosa 45000 105000 200000 (61000) (61000) (30500) ->share on loss 10000 ->offset of loan =6000 -> Investment due to net cap deficiency 2Gumban Danlag Escriba 45000 105000 200000 (61000) (61000) (30500) (16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora 641976 728352 (20000) (35000) (5500) (6700) (2000) (3600) =614476 =683052 4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset. 5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna 1297528/.8=1621910x.2=324382 -> Cash contribution 6. 1297528/2= 648764 648764-614476= 34288 648764-683052=(34288) 7. Jerusalem= 648764+130000-50000=728764 Rebusora 648764+130000-65000=713764 Lazerna 324382+65000-28000=361382 8. 70000-28000=42000x3/6=21000 Cap deficiency of Zulueta =(2000) x3/5= (1200) 40000-21000=19000-1200=17800 9. Ramos Seechua Tria 124000 124000 304000 (172000) (172000) (172000) --------------------------------------------------------- (48000) (48000) (132000) 48000 48000 (48000) 132000-48000=84000 10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.) 11. 50000x3/5=30000 12. 950000+50000=1000000x.2=200000 100000-200000=-100000+50000(loan)=-50000 Investment=50000 13. 23200-3000=20200-22000=1800 1800x3/21=257 60000-25000=35000 35000x3/21=5000 5000+257=5257
1.) D 2.) C 3.) B 4.) C 5.) D 6.) A 7.) A 8.)B 9.) C 10.) C 11.) B 12.) C 13.) B Solutions: 1Matias Pagayon Pescasiosa 45000 105000 200000 (61000) (61000) (30500) ->share on loss 10000 ->offset of loan =6000 -> Investment due to net cap deficiency 2Gumban Danlag Escriba 45000 105000 200000 (61000) (61000) (30500) (16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora 641976 728352 (20000) (35000) (5500) (6700) (2000) (3600) =614476 =683052 4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset. 5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna 1297528/.8=1621910x.2=324382 -> Cash contribution 6. 1297528/2= 648764 648764-614476= 34288 648764-683052=(34288) 7. Jerusalem= 648764+130000-50000=728764 Rebusora 648764+130000-65000=713764 Lazerna 324382+65000-28000=361382 8. 70000-28000=42000x3/6=21000 Cap deficiency of Zulueta =(2000) x3/5= (1200) 40000-21000=19000-1200=17800 9. Ramos Seechua Tria 124000 124000 304000 (172000) (172000) (172000) --------------------------------------------------------- (48000) (48000) (132000) 48000 48000 (48000) 132000-48000=84000 10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.) 11. 50000x3/5=30000 12. 950000+50000=1000000x.2=200000 100000-200000=-100000+50000(loan)=-50000 Investment=50000 13. 23200-3000=20200-22000=1800 1800x3/21=257 60000-25000=35000 35000x3/21=5000 5000+257=5257
1.) D 2.) C 3.) B 4.) C 5.) D 6.) A 7.) A 8.)B 9.) C 10.) C 11.) B 12.) C 13.) B Solutions: 1Matias Pagayon Pescasiosa 45000 105000 200000 (61000) (61000) (30500) ->share on loss 10000 ->offset of loan =6000 -> Investment due to net cap deficiency 2Gumban Danlag Escriba 45000 105000 200000 (61000) (61000) (30500) (16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora 641976 728352 (20000) (35000) (5500) (6700) (2000) (3600) =614476 =683052 4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset. 5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna 1297528/.8=1621910x.2=324382 -> Cash contribution 6. 1297528/2= 648764 648764-614476= 34288 648764-683052=(34288) 7. Jerusalem= 648764+130000-50000=728764 Rebusora 648764+130000-65000=713764 Lazerna 324382+65000-28000=361382 8. 70000-28000=42000x3/6=21000 Cap deficiency of Zulueta =(2000) x3/5= (1200) 40000-21000=19000-1200=17800 9. Ramos Seechua Tria 124000 124000 304000 (172000) (172000) (172000) --------------------------------------------------------- (48000) (48000) (132000) 48000 48000 (48000) 132000-48000=84000 10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.) 11. 50000x3/5=30000 12. 950000+50000=1000000x.2=200000 100000-200000=-100000+50000(loan)=-50000 Investment=50000 13. 23200-3000=20200-22000=1800 1800x3/21=257 60000-25000=35000 35000x3/21=5000 5000+257=5257
1. D Sol. Matias, Capital: 45,000 (61,000) ------------ (16,000) Matias, Loan: 10,000 ------------ Cash to invest: (6,000)
2. C Sol. Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital 10,000 45,000 105,000 200,000 (61,000 (61,000) (30,500) ------------------------------------------------------------------------------------------------- 10,000 (16,000) (44,000) (169,500) ================================================
3. B Sol. Jerusalem, Capital Rebusora, Capital 641,976 728,352 (20,000) (35,000) (5,500) (6,700) (2,000) (3,600) ----------------------------------------------------- 614,476 683,052 ==========================
4. C Sol. Net Assets of Jerusalem Net Assets of Rebusora 1,020,916 1,317,002 (20,000) (35,000) (5,500) (6,700) (2,000) (3,600) ------------------------------------------------------------------------------- 993,416 + 1,271,702 2,265,118 =========
5. D Sol. Jerusalem, Capital: 614,476 Rebusora, Capital : 683,052 ------------- 1,297,528 ÷ 80% -------------- 1,621,910 x 20% -------------- Cash to invest: 324,382 ========
6. A Sol. Rebusora, Capital : 683,052 Jerusalem, Capital: (614,476) --------------- 68,576 ÷ 2 --------------- 34,288 =======
Dacuno, Rayñel Ed L. BSA - 1A Part 2 7. A Sol. Jerusalem, Capital Rebusora, Capital Lazerna, Capital 614,476 683,052 324,382 130,000 130,000 65,000 (50,000) (65,000) (28,000) 34,288 (34,288) ------------------------------------------------------------------------------- 728,764 713,764 361,382 ========================================
8. B Sol. Total Capital : 70,000 Cash available:(28,000) ------------ Loss : 42,000
Amurao, Capital Estoque, Capital Zulueta, Capital 40,000 25,000 5,000 (21,000) (14,000) (7,000) ---------------------------------------------------------------------------- 19,000 11,000 (2,000) ( 1,200) ( 800) 2,000 ---------------------------------------------------------------------------- 17,800 10,200 - =====
9.) Ramos 40,000+24,000-64,000-28,000= 0 Seechua 40,000+24,000-64,000-28,000-14,000+42,000= 0 Tria 280,000+24,000-304,000-28,000-14,000-42,000= 84,000 Answer: C
10.) Lopez 85,000 Mendez 45,000 Answer: C
11.) Mactal 350,000-15,000 Macadang 250,000-10,000 Pangan 350,000-25,000 Answer: A
12.) Ong, Capital 420,000-300,000=120,000 Rodriguez, Capital 315,000-300,000= 15,000 Pamittan, Capital 205,000-200,000= 5,000 Reyes, Capital 100,000-200,000+50,000+50,000= 0 Answer: C
13.) Cash 1,800+23,200-3,000= 22,000 Garachico, Capital 1,000-5,429 Answer: 5,429= share of Garachico on loss on realization
jacqueline tado 1a 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,4answer00) 17,800 14,200 (5,400)
Boreres, Yvette R. 1.) Answer : D Matias P 6,000 Matias Capital Beg. 45,000 Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10,000 Bal. (6,000) Additional Investment: 6,000 2.) Answer: C Gumban, Loan P 10,000, Gumban, Capital P (16,000), Danlag, Capital P44,000, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,400) 17,800 14,200 (5,400)
angela ramos bsa 1a 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,400) 17,800 14,200 (5,400)
hermosilla merilyn 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,400) 17,800 14,200 (5,400)
Carlo Maglinte 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,4answer00) 17,800 14,200 (5,400)
Solana arlito 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,4answer00) 17,800 14,200 (5,400)
ariane gata 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,4answer00) 17,800 14,200 (5,400)
regine may zabala 1.) Answer : D Matias P 6K Matias Capital Beg. 45K Less: Loss on Realization 61k Bal. (16k) Add: Right of Offset 10K Bal. (6K) Additional Investment: 6K 2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052 Jerusalem Rebosura Capital Bal. 641,976 728,352 Adjustments (27,500) (45,300) Total 614,476 683,052
4.)Answer :C P 2,265,118 Jerusalem’s asset: 1,020,916 Rebusora’s asset: 1,317,002 2,337,918 Adjustments : (72,800) Total assets : 2,265,118
5.)Answer : P324,382 AC CC Old 1,297,528 1,297,528 New 324,382 324,382 Total 1,621,910 1,621,910 6.) Answer : A P 34,288 Jerusalem, capital Rebusora, capital Cap 614,476 683,052 Cash (162,164) (162,164) Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800 Capital A E Z 70,000 = 40,000 25,000 5,000 (42,000) =(21,000) (14,000) (7,000) 28,000 = 19,000 11,000 (2,000) (1,200) (800) 2,000 17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000 Liabilities Mactal, capital Macadang, capital Pangan, capital 50,000 350,000 250,000 350,000 (50,000) (30,000) (20,000) - 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000 Reyes Capital Beg. 100,000 Less : Loss on realization (200,000) Bal. (100,000) Add: Right of Offset 50,000 Bal. (50,000) Additional Investment: 50,000
13.) Answer : A. P5,400 Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital 60,000 1,000 25,000 25,000 9,000 (37,800) (5,400) (7,200) (10,800) (14,400) 22,200 (4,4answer00) 17,800 14,200 (5,400)
1. Matias,Cap Pagayanon,Cap Pescasiosa,Cap Bal. 45,000 105,000 200,000 Share (61,000) (61,000) (30,500) ------------- ----------- ------------- Bal (16,000) 44,000 169,500 Offset 10,000 ------------- (6,000) Ans. d.
2. G,Loan G,Cap D,Cap E,Cap Bal. 10,000 45,000 105,000 200,000 Share (61,000) (61,000) (30,500) ---------------------------------------------------- Bal 10,000 (16,000) 44,000 169,500 Ans. c.
3. Jerusalem,Cap Rebusore,Cap Bal 641,976 728,352 Adj. ADA (20,000) (35,000) Inventory (5,500) (6,700) Write off (2,000) (3,600) ---------- --------------- Bal 614,476 683,052 Ans. b.
4. A=L+C =967,590+1,297,528 A=P2,265,118 Ans. c.
5. TCC(Old Partners) P 1,297,528 Interest / .8 ----------------- 1,621,910 Interest (Lazerna) * .2 --------------- Cash(Lazerna) P324,382 Ans. d.
6. Ans. a.
7. J,Cap. R,Cap L,Cap Bal. 614,000 683,052 324,382 Share in NI 130,000 130,000 65,000 Drawings (50,000) (65,000) (28,000) ------------------------------------------- Bal P694,476 748,052 Ans. a.
1. D. Matias [45000-61000= (16000) – 10000= 6000] 2. C. Gumban [45000-61000= (16000)] Danlag [105000-61000= 44000] Escriba [200000-30500= 169500] 3. B. Jerusalem [641976+(20000)+(5500)+(2000)= 614476] Rebusora [728352+(35000)+(6700)+(3600)= 683052] 4. C. Assets= Liabilities + Owners Equity A=(178940+243650+200000+345000)+(614476+683052) Assets= 2265118 5 D. [2265118/80%=2831398] [2831398-2265118= 324382] 6. A. 7. A. Jerusalem [614476+140000+(50000)= 728764] Rebusora [ 683052+140000+(65000)= 713764] Lazerna [324382+70000+(28000)= 361382] 8. B. Total Capital 70000 Cash Available (28000) Loss on 42000 Realization 9. D. [280000+24000=304000+(72000)= 132000-54000= 78000] 10 C. 11. D. Mactal [350000+(300000)=50000+(90000)=(40000)] 12. C. Reyes [100000+(200000)=(100000)+50000=(50000)] 13. A. Garachico[60000-22000= 37800x3/21=5400]
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
3. B. Jerusalem's 614,476 Rebusora's 683,052 Jerusalem, capital Rebusora, capital Original capital 641,976 728,352 less adjustments (27,500) (45,300) -------------------- ------------------- 614,476 683,052 ========= ========
4. C. 2,265,118 adjusted capital 614,476 683,052 add: liabilities 378,940 588,650 --------------- -------------- 993,416 + 1,271,702 = 2,265,118 ========
5. D. 324,382 1,297,528 / 80% = 1,621,910 x 20% = 324,382 =======
6. A. 34,288 1,621,910 x 40%=648,764 614,476 - 648,764= (34,288) 683,052- 648764= 34,288 =======
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
3.) B. Jerusalem, Capital 641,976 - 20,000 - 5,500 - 2,000 = 614,476 Rebusora, Capital 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4.) C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets 2,265,118
5.) D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
1. D Matias 45000(61000)=(16000)+loan 10000=(6000) need to invest. ===== 2. C Gumban 45000(61000)=(16000) loan(10000)=(6000) need to invest. ====== Danlag 105000(61000)=44000 ====== Escriba 200000(30500)=169500 ====== 3. B Jerusalem 641976(20000)(5500)(2000)=614476 ====== Rebusora 728352(35000)(6700)(3600)=683052 ====== 4. C Total assets 1297528+total liabilities 967590=2265118 total assets ======= 5. D 1297528/80%=324382 ====== 6. A 614476+34288=648764 40%, 683052(34288)=648764 ===== ====== 7. A J 648764+130000(50000)=728764 ====== R 648764+130000(65000)=713764 ====== L 324382+65000(28000)=361382 ====== 8. B Amurao 40000(21000)(1200) loss and absorption = 17800 ===== 9. D Tria 304000(172000)(54000) loss and absorption = 78000 ===== 10. C By book value, no gain or loss are realized.
11. B Mactal 350000(300000) loss= 50000(30000) absorption = 20000 ===== 12. C Reyes 100000(200000) loss = (100000)+ loan 50000= (50000) investment to be made. ======
13. A Garachico 1000(5400) share of loss =(4400) =====
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
3.) B. Jerusalem, Capital 641,976 - 20,000 - 5,500 - 2,000 = 614,476 Rebusora, Capital 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4.) C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets 2,265,118
5.) D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
4. C. Cash 33,354 Accounts Receivable 802,426 Allowance for Uncollectible Accounts (55,000) Inventories 367,937 Land 603,000 Building 428,267 Furniture and Fixtures 85,134 Total Assets P 2,265,118
5. D. 614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
1. D. Cash NCA Liab. M, M. P P Loan Cap Cap. Cap. Bal. 100k 400k 140k 10k 45k 150k 200k Sale of NCA 247.5k 400,k (61,k)(61,k) (30.5k) Bal. 347.5k 140k 10k (16k) 44k 169.5k Payment Of liab. (140k) (140k) - - Bal. 207.5k 10k (16k) 44k 169.5k ROF (10k) 10k -- Bal. 207.5k (6k) 44k 169.5k Add. Invest. 6k 6k - Bal. 213.5k 44k 169.5k Dist. (213.5k) (44k) (169.5k) 2. C. 3. B. Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476 Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052 4. C. *1,020,916+1,317,002= 2,337,918 - 55,000 2,282,918 - 12,200 2,270,718 - 5,600 2,265,118 5. D.
• AC CC O 80% 1,297,528 1,297,528 N 20% 342,382 342,382 1,621,910 1,621,910
6. A. * J. 648,764-614,476= 34,288 R. 648,764- 683,052= 34,288
7. A. *J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764 R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764 L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382 8. B. * Total Capital (40,000+25,000+5,000)= 70,000 Cash Avail. – 28,000 42,000 9. D. * R. Cap. 100,000-60,000= 40,000+24,000=64,000 S.Cap. 80,000-40,000= 40,000+24,000=64,000 T.Cap. 300,000-20,000=280,000+24,000=304,000 10. C. * L. Cap. 130,000x85,000/130,000= 85,000 M. Cap. 130,000x45,000/130,000= 45,000
11. D. * Total Capital 950,000 M. Cap. M.Cap. P. Cap. Liabilities + 50,000 350,000 250,000 350,000 Loss 1,000,000 (300,000) (200,000) (500,000) 50,000 50,000 (150,000) (90,000) (60,000) 150,000 (40,000) (10,000) 12. C.
ORPR Partnership Statement Of Liquidation Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap P/L ratio 30% 30% 20% 20% Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k Sale of NCA 800k (1,800m) (300k) (300k) (200k) (200k) Bal. 900k 750k 60k 50k 120,k 15k 5k (100k) Payment Of liab. (750k) (750k) - Bal. 150k 60K 50,k 120K 15,k 5k (100k) ROF (50,k) 50k Add. Inv. 50k (50k)
13. A. * Total Cap 60,000 Avail. Cash (22,200) 37,800 X 3/21= 5,400
Gerly Jane M. Lendio BSA- 1B 1. D. Cash NCA Liab. M, M. P P Loan Cap Cap. Cap. Bal. 100k 400k 140k 10k 45k 150k 200k Sale of NCA 247.5k 400,k (61,k)(61,k) (30.5k) Bal. 347.5k 140k 10k (16k) 44k 169.5k Payment Of liab. (140k) (140k) - - Bal. 207.5k 10k (16k) 44k 169.5k ROF (10k) 10k -- Bal. 207.5k (6k) 44k 169.5k Add. Invest. 6k 6k - Bal. 213.5k 44k 169.5k Dist. (213.5k) (44k) (169.5k) 2. C. 3. B. Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476 Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052 4. C. *1,020,916+1,317,002= 2,337,918 - 55,000 2,282,918 - 12,200 2,270,718 - 5,600 2,265,118 5. D.
• AC CC O 80% 1,297,528 1,297,528 N 20% 342,382 342,382 1,621,910 1,621,910
6. A. * J. 648,764-614,476= 34,288 R. 648,764- 683,052= 34,288
7. A. *J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764 R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764 L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382 8. B. * Total Capital (40,000+25,000+5,000)= 70,000 Cash Avail. – 28,000 42,000 9. D. * R. Cap. 100,000-60,000= 40,000+24,000=64,000 S.Cap. 80,000-40,000= 40,000+24,000=64,000 T.Cap. 300,000-20,000=280,000+24,000=304,000 10. C. * L. Cap. 130,000x85,000/130,000= 85,000 M. Cap. 130,000x45,000/130,000= 45,000
11. D. * Total Capital 950,000 M. Cap. M.Cap. P. Cap. Liabilities + 50,000 350,000 250,000 350,000 Loss 1,000,000 (300,000) (200,000) (500,000) 50,000 50,000 (150,000) (90,000) (60,000) 150,000 (40,000) (10,000) 12. C.
ORPR Partnership Statement Of Liquidation Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap P/L ratio 30% 30% 20% 20% Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k Sale of NCA 800k (1,800m) (300k) (300k) (200k) (200k) Bal. 900k 750k 60k 50k 120,k 15k 5k (100k) Payment Of liab. (750k) (750k) - Bal. 150k 60K 50,k 120K 15,k 5k (100k) ROF (50,k) 50k Add. Inv. 50k (50k)
13. A. * Total Cap 60,000 Avail. Cash (22,200) 37,800 X 3/21= 5,400
1. D. Cash NCA Liab. M, M. P P Loan Cap Cap. Cap. Bal. 100k 400k 140k 10k 45k 150k 200k Sale of NCA 247.5k 400,k (61,k)(61,k) (30.5k) Bal. 347.5k 140k 10k (16k) 44k 169.5k Payment Of liab. (140k) (140k) - - Bal. 207.5k 10k (16k) 44k 169.5k ROF (10k) 10k -- Bal. 207.5k (6k) 44k 169.5k Add. Invest. 6k 6k - Bal. 213.5k 44k 169.5k Dist. (213.5k) (44k) (169.5k) 2. C. 3. B. Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476 Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052 4. C. *1,020,916+1,317,002= 2,337,918 - 55,000 2,282,918 - 12,200 2,270,718 - 5,600 2,265,118 5. D.
• AC CC O 80% 1,297,528 1,297,528 N 20% 342,382 342,382 1,621,910 1,621,910
6. A. * J. 648,764-614,476= 34,288 R. 648,764- 683,052= 34,288
7. A. *J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764 R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764 L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382 8. B. * Total Capital (40,000+25,000+5,000)= 70,000 Cash Avail. – 28,000 42,000 9. D. * R. Cap. 100,000-60,000= 40,000+24,000=64,000 S.Cap. 80,000-40,000= 40,000+24,000=64,000 T.Cap. 300,000-20,000=280,000+24,000=304,000 10. C. * L. Cap. 130,000x85,000/130,000= 85,000 M. Cap. 130,000x45,000/130,000= 45,000
11. D. * Total Capital 950,000 M. Cap. M.Cap. P. Cap. Liabilities + 50,000 350,000 250,000 350,000 Loss 1,000,000 (300,000) (200,000) (500,000) 50,000 50,000 (150,000) (90,000) (60,000) 150,000 (40,000) (10,000) 12. C.
ORPR Partnership Statement Of Liquidation Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap P/L ratio 30% 30% 20% 20% Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k Sale of NCA 800k (1,800m) (300k) (300k) (200k) (200k) Bal. 900k 750k 60k 50k 120,k 15k 5k (100k) Payment Of liab. (750k) (750k) - Bal. 150k 60K 50,k 120K 15,k 5k (100k) ROF (50,k) 50k Add. Inv. 50k (50k)
13. A. * Total Cap 60,000 Avail. Cash (22,200) 37,800 X 3/21= 5,400
1. D. Cash NCA Liab. M, M. P P Loan Cap Cap. Cap. Bal. 100k 400k 140k 10k 45k 150k 200k Sale of NCA 247.5k 400,k (61,k)(61,k) (30.5k) Bal. 347.5k 140k 10k (16k) 44k 169.5k Payment Of liab. (140k) (140k) - - Bal. 207.5k 10k (16k) 44k 169.5k ROF (10k) 10k -- Bal. 207.5k (6k) 44k 169.5k Add. Invest. 6k 6k - Bal. 213.5k 44k 169.5k Dist. (213.5k) (44k) (169.5k) 2. C. 3. B. Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476 Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052 4. C. *1,020,916+1,317,002= 2,337,918 - 55,000 2,282,918 - 12,200 2,270,718 - 5,600 2,265,118 5. D.
• AC CC O 80% 1,297,528 1,297,528 N 20% 342,382 342,382 1,621,910 1,621,910
6. A. * J. 648,764-614,476= 34,288 R. 648,764- 683,052= 34,288
7. A. *J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764 R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764 L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382 8. B. * Total Capital (40,000+25,000+5,000)= 70,000 Cash Avail. – 28,000 42,000 9. D. * R. Cap. 100,000-60,000= 40,000+24,000=64,000 S.Cap. 80,000-40,000= 40,000+24,000=64,000 T.Cap. 300,000-20,000=280,000+24,000=304,000 10. C. * L. Cap. 130,000x85,000/130,000= 85,000 M. Cap. 130,000x45,000/130,000= 45,000
11. D. * Total Capital 950,000 M. Cap. M.Cap. P. Cap. Liabilities + 50,000 350,000 250,000 350,000 Loss 1,000,000 (300,000) (200,000) (500,000) 50,000 50,000 (150,000) (90,000) (60,000) 150,000 (40,000) (10,000) 12. C.
ORPR Partnership Statement Of Liquidation Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap P/L ratio 30% 30% 20% 20% Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k Sale of NCA 800k (1,800m) (300k) (300k) (200k) (200k) Bal. 900k 750k 60k 50k 120,k 15k 5k (100k) Payment Of liab. (750k) (750k) - Bal. 150k 60K 50,k 120K 15,k 5k (100k) ROF (50,k) 50k Add. Inv. 50k (50k)
13. A. * Total Cap 60,000 Avail. Cash (22,200) 37,800 X 3/21= 5,400
5) D Jerusalem,capital 614,476 Rebusora,capital 683,052 ---------------- Total 1,297,528 / 80% ----------------- 1,621,910 x 20% ---------------- 324,382 -total cash to be contributed. ========
6) A 1,621,910 x 40% = 648,764 648,764 - 614,476 - 683,052 ---------------- -------------- 34,288 (34,288) ======== ========
5) D. 324,382 Jerusalem,capital 614,476 Rebusora,capital 683,052 ---------------- Total 1,297,528 / 80% ----------------- 1,621,910 x 20% ---------------- 324,382 -total cash to be contributed. ========
6) A. 34,288 1,621,910 x 40% = 648,764 648,764 - 614,476 - 683,052 ---------------- -------------- 34,288 (34,288) ======== ========
Matias, Capital Pagayanon, Capital Percasiosa, Capital Bal. before 45 000 105 000 200 000 Realization Loss on (61 000) (61 000) (30 500) Realization Bal (16 000) 44 000 169 500 Right of Offset 10 000 ---------------------------------------------------------------------------- (6 000)
2. C. Gumban, Capital = 6 000 Danlag, Capital = 44 000 Esacariba, Capital = 169 500
Gumban, Loan Gumba, Cap Danlag, Cap Escariba, Cap Bal 10 000 45 000 105 000 200 000 Loss on Realization (61 000) (61 000) (30 500) Bal 10 000 (16 000) 44 000 169 500 Right of Offset (10 000) 10 000 ---------------------------------------------------------- Bal 6 000 44 000 169 500 =================================
3. B. Jerusalem's, P 614 476; Rebusora's, P 683 052
5) D Jerusalem,capital 614,476 Rebusora,capital 683,052 ---------------- Total 1,297,528 / 80% ----------------- 1,621,910 x 20% ---------------- 324,382 -total cash to be contributed. ========
6) A 1,621,910 x 40% = 648,764 648,764 - 614,476 - 683,052 ---------------- -------------- 34,288 (34,288) ======== ========
5) D Jerusalem,capital 614,476 Rebusora,capital 683,052 ---------------- Total 1,297,528 / 80% ----------------- 1,621,910 x 20% ---------------- 324,382 -total cash to be contributed. ========
6) A 1,621,910 x 40% = 648,764 648,764 - 614,476 - 683,052 ---------------- -------------- 34,288 (34,288) ======== ========
1) C Solution: Cash Non- Cash Assets Liability Matias, Loan Matias, Capital Pagayanon, Capital Pescasiosa, Capital Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000 Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500) ________ ======== _________ ________ _________ ___________ ___________ Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500 Payment of Liability (140,000) (140,000) _________ ========== ________ __________ _________ ___________ Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500 Investment of Matias 16,000 16,000 _________ _________ ======== _________ __________ Balances P 223,500 P 10,000 P 44,000 P 169,500 (10,000) (10,000) _________ ========= __________ _________ Balances P213,500 P 44,000 P 169,500 Distribution of remaining Cash to Partners (P 213,500) (44,000) 169,500 ========= ========= ========
2) C
Solution: Cash Non- Cash Assets Liability Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000 Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500) ________ ======== _________ ________ _________ ___________ ___________ Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500 Payment of Liability (140,000) (140,000) _________ ========== ________ __________ _________ ___________ Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500 Investment of Matias 16,000 16,000 _________ _________ ======== _________ __________ Balances P 223,500 P 10,000 P 44,000 P 169,500 (10,000) (10,000) _________ ========= __________ _________ Balances P213,500 P 44,000 P 169,500 Distribution of remaining Cash to Partners (P 213,500) (44,000) 169,500 ========= ========= ========
1) C Solution: Cash Non- Cash Assets Liability Matias, Loan Matias, Capital Pagayanon, Capital Pescasiosa, Capital Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000 Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500) ________ ======== _________ ________ _________ ___________ ___________ Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500 Payment of Liability (140,000) (140,000) _________ ========== ________ __________ _________ ___________ Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500 Investment of Matias 16,000 16,000 _________ _________ ======== _________ __________ Balances P 223,500 P 10,000 P 44,000 P 169,500 (10,000) (10,000) _________ ========= __________ _________ Balances P213,500 P 44,000 P 169,500 Distribution of remaining Cash to Partners (P 213,500) (44,000) 169,500 ========= ========= ========
2) C
Solution: Cash Non- Cash Assets Liability Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000 Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500) ________ ======== _________ ________ _________ ___________ ___________ Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500 Payment of Liability (140,000) (140,000) _________ ========== ________ __________ _________ ___________ Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500 Investment of Matias 16,000 16,000 _________ _________ ======== _________ __________ Balances P 223,500 P 10,000 P 44,000 P 169,500 (10,000) (10,000) _________ ========= __________ _________ Balances P213,500 P 44,000 P 169,500 Distribution of remaining Cash to Partners (P 213,500) (44,000) 169,500 ========= ========= ========
5) D Jerusalem,capital 614,476 Rebusora,capital 683,052 ---------------- Total 1,297,528 / 80% ----------------- 1,621,910 x 20% ---------------- 324,382 -total cash to be contributed. ========
RENZ P. MORTA BSAS - 1A (CONTINUATION) 3) B Jerusalem, Capital Rebusora, Capital Unadjusted capital balance 641,976 728,352 Allow. For Uncollectible Accts (20,000) (35,000) Inventory (5,500) (6,700) Adjusted capital balance (2,000) (3,600) __________ ________ 614,476 683,052 ======== ========
4) C OE + L = A Jerusalem, Capital 614,476 A/P 422,590 Rebusora, Capital 683,052 N/P 545,000 __________ ___________ 1,297,528 967,590 = 2,265,118 ========= ======== ========
5) D AC CC bonus/goodwill Old 1,297,528 1,297,528 0 New 342,382 342,382 0 __________________________________ Total 1,621,910 1,621,910 0 ==================================
7) A Jerusalem, Capital Rebusora, Capital Lazerna, Capital Capital balances 614,476 683,052 324,382 Cash settlement (34,288) (34,288) Profit 130,000 130,000 65,000 Drawings (50,000) (65,000) (28,000) _____________ _____________ __________ Capital Balance for the first year 728,764 713,764 361,382 ========== =========== ==========
8) B
Amuraw, Capital Estoque, Capital Lazerna, Capital 40,000 25,000 5,000 (21,000) (14,000) (7,000) _______ _______ _______ 19,000 11,000 (2,000) (1,200) (200) 2,000 _______ ______ ====== 17,800 10,800 ====== ======
*total capital 70,000 Less: Remainingcash 28,000 _______ Loss on realization 42,000 ======
RENZ P. MORTA BSAS - 1A (CONTINUATION) 3) B Jerusalem, Capital Rebusora, Capital Unadjusted capital balance 641,976 728,352 Allow. For Uncollectible Accts (20,000) (35,000) Inventory (5,500) (6,700) Adjusted capital balance (2,000) (3,600) __________ ________ 614,476 683,052 ======== ========
4) C OE + L = A Jerusalem, Capital 614,476 A/P 422,590 Rebusora, Capital 683,052 N/P 545,000 __________ ___________ 1,297,528 967,590 = 2,265,118 ========= ======== ========
5) D AC CC bonus/goodwill Old 1,297,528 1,297,528 0 New 342,382 342,382 0 __________________________________ Total 1,621,910 1,621,910 0 ==================================
7) A Jerusalem, Capital Rebusora, Capital Lazerna, Capital Capital balances 614,476 683,052 324,382 Cash settlement (34,288) (34,288) Profit 130,000 130,000 65,000 Drawings (50,000) (65,000) (28,000) _____________ _____________ __________ Capital Balance for the first year 728,764 713,764 361,382 ========== =========== ==========
8) B
Amuraw, Capital Estoque, Capital Lazerna, Capital 40,000 25,000 5,000 (21,000) (14,000) (7,000) _______ _______ _______ 19,000 11,000 (2,000) (1,200) (200) 2,000 _______ ______ ====== 17,800 10,800 ====== ======
*total capital 70,000 Less: Remainingcash 28,000 _______ Loss on realization 42,000 ======
10. C *Partners will receive the book value of their capital account since the assets are realized at its book value not resulting to any gain or loss on realization.
11. C Mactal,Capital Macadang, Capital Pangan, Capital 50 000 (15 000) (10 000) (25 000)
12. C Capital Deficiency (100,000) Right of Offset 50,000 -------------- (50,000)
10) C (REASON: Because assets that are realized at their book value would not result to any gain or loss on realization).
11) B Claim against the partnership 50,000 Multiplied by: Mactal’s interest 30% ______ Total 15,000 Divided by: 50,% ______ Amount to be absorbed by Mactal 30,000 ======
12) C Reyes, Capital Capital balance 100,000 Share in loss (200,000) ________ . capital deficiency (100,000) Right of offset 50,000 (50,000) ________ Add’l investment 50000
13) B SOLUTION:
TOTAL CAPITAL 60,000 Remaining cash (23,200) -------------- 36,800 * 3/21 = 5,257 ====
Añora, Karl Joshua C. BSA-1A (page1) 1) D. Matias, P6,000
Matias, Capital Pagayanon, Capital Percasiosa, Capital Bal. before 45,000 105,000 200,000 Realization Loss on (61,000) (61,000) (30,500) Realization ------------------------------------------------------------------------------ Bal (16,000) 44,000 169,500 Right of Offset 10,000 ------------------------------------------------------------------------------ (6,000)
2) C. Gumban, Capital = P6,000 Danlag, Capital = P44,000 Esacariba, Capital = P169,500
Gumban, Loan Gumba, Cap Danlag, Cap Escariba, Cap Bal 10,000 45,000 105,000 200,000 Loss on Realization (61,000) (61,000) (30,500) -------------------------------------------------------------------------------------- Bal 10,000 (16,000) 44,000 169,500 Right of Offset (10,000) 10,000 =======-------------------------------------------------------------------- Bal 6,000 44,000 169,500 ====================================
3. B. Jerusalem Rebusora Capital before formation 641976 728352 Adjustment on AUA (20000) (35000) Adjustment on Inventory (5500) (6700) Adjustment on Other Assets (2000) (3600) Capital on Formation 614 476 683052 ======= =======
4. C. Total Assets Before Formation 2337918 Total Adjustment of AUA (55000) Total Adjustment of Inventory (12200) Total Adjustment of OA (5600) Total Assets 2265118 ========
5. D. 614476+683052= 1297528/ 80%=1621910(1297528)=324382 <--Cash to be ===== invested by Jonna
1. D Matias, Capital 45,000 Loss on Realization (61,000) Balance (16,000) Right of offset (10,000) Balance (6,000)
2. C Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital 10,000 45,000 105,000 200,000 Loss on Realization (61,000) (61,000) (30,500) Balances 10,000 (16,000) 44,000 169,500
3. B Jerusalem Rebusora Capital 641,976 728,352 Less: AUA (20,000) (35,000) Inventory (5,500) (6,700) Other Assets (2,000) (3,600) Balance 614,476 683,052
4. C Cash 33,354 Accounts Recievable 802,426 Less: AUA (55,000) Inventory 367,937 Land 603,000 Building 428,267 Furnitutes & Fixtures 85,134 Total: 2,265,118
5. D. Capital balance of old partners: 1,297,528 / 80% 1,621,910 x 20% Cash investment of Lazerna. 324,382
6. A. 1,621,910 x 40% 648,764 - 614,476 34,288 - Cash settlement.
7. A. Jerusalem Capital 614,476 Add: 34,288 – Cash Settlement 130,000 – Share in profit 778,764 Less: (50,000) – Drawings Balance: 728,764
9. D 10. C Cash Net Assets Lopez Capital Mendez,Capital 130,000 85,000 45,000 130,000 (130,000) 130,000 85,000 45,000 (130,000) (85,000) (45,000)
11. B 50,000 x 30/50 30,000 –absorption of Mactal
12. C Reyes, Loan Reyes, Capital Balance 50,000 100,000 Loss on Realization (200,000) Balance 50,000 (100,000) Right of offset (50,000) 50,000 Balance (50,000) Add’l Investment 50,000
13. A Garachico 1,000 Dugan 25,000 Pascua 25,000 Cerda 9,000 60,000 22,200 – cash available 37,800 – Loss on realization x 3/21 5,400 – share of loss n realization of Garachico.
1. D Matias, Capital 45,000 Loss on Realization (61,000) Balance (16,000) Right of offset (10,000) Balance (6,000)
2. C Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital 10,000 45,000 105,000 200,000 Loss on Realization (61,000) (61,000) (30,500) Balances 10,000 (16,000) 44,000 169,500
3. B Jerusalem Rebusora Capital 641,976 728,352 Less: AUA (20,000) (35,000) Inventory (5,500) (6,700) Other Assets (2,000) (3,600) Balance 614,476 683,052
4. C Cash 33,354 Accounts Recievable 802,426 Less: AUA (55,000) Inventory 367,937 Land 603,000 Building 428,267 Furnitutes & Fixtures 85,134 Total: 2,265,118
5. D. Capital balance of old partners: 1,297,528 / 80% 1,621,910 x 20% Cash investment of Lazerna. 324,382
6. A. 1,621,910 x 40% 648,764 - 614,476 34,288 - Cash settlement.
7. A. Jerusalem Capital 614,476 Add: 34,288 – Cash Settlement 130,000 – Share in profit 778,764 Less: (50,000) – Drawings Balance: 728,764
9. D 10. C Cash Net Assets Lopez Capital Mendez,Capital 130,000 85,000 45,000 130,000 (130,000) 130,000 85,000 45,000 (130,000) (85,000) (45,000)
11. B 50,000 x 30/50 30,000 –absorption of Mactal
12. C Reyes, Loan Reyes, Capital Balance 50,000 100,000 Loss on Realization (200,000) Balance 50,000 (100,000) Right of offset (50,000) 50,000 Balance (50,000) Add’l Investment 50,000
13. A Garachico 1,000 Dugan 25,000 Pascua 25,000 Cerda 9,000 60,000 22,200 – cash available 37,800 – Loss on realization x 3/21 5,400 – share of loss n realization of Garachico.
1.) D
ReplyDelete2.) C
3.) B
4.) C
5.) D
6.) A
7.) A
8.)B
9.) C
10.) C
11.) B
12.) C
13.) B
Solutions:
1:Matias Pagayon Pescasiosa
45000 105000 200000
(61000) (61000) (30500) ->share on loss
10000 ->offset of loan
=6000 -> Investment due to net cap deficiency
2:Gumban Danlag Escriba
45000 105000 200000
(61000) (61000) (30500)
(16000) 44000 169500 + Gumban loan P10000
3: Jerusalem Rebusora
641976 728352
(20000) (35000)
(5500) (6700)
(2000) (3600)
=614476 =683052
4: 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership
Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset.
5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna
1297528/.8=1621910x.2=324382 -> Cash contribution
6: 1297528/2= 648764
648764-614476= 34288
648764-683052=(34288)
7. Jerusalem= 648764+130000-50000=728764
Rebusora 648764+130000-65000=713764
Lazerna 324382+65000-28000=361382
8. 70000-28000=42000x3/6=21000
Cap deficiency of Zulueta =(2000) x3/5= (1200)
40000-21000=19000-1200=17800
9: Ramos Seechua Tria
124000 124000 304000
(172000) (172000) (172000)
---------------------------------------------------------
(48000) (48000) (132000)
48000 48000 (48000)
132000-48000=84000
10: Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.)
11:50000x3/5=30000
12 950000+50000=1000000x.2=200000
100000-200000=-100000+50000(loan)=-50000
Investment=50000
13: 23200-3000=20200-22000=1800
1800x3/21=257
60000-25000=35000
35000x3/21=5000
5000+257=5257
1.) D
ReplyDelete2.) C
3.) B
4.) C
5.) D
6.) A
7.) A
8.)B
9.) C
10.) C
11.) B
12.) C
13.) B
Solutions:
1Matias Pagayon Pescasiosa
45000 105000 200000
(61000) (61000) (30500) ->share on loss
10000 ->offset of loan
=6000 -> Investment due to net cap deficiency
2Gumban Danlag Escriba
45000 105000 200000
(61000) (61000) (30500)
(16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora
641976 728352
(20000) (35000)
(5500) (6700)
(2000) (3600)
=614476 =683052
4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership
Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset.
5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna
1297528/.8=1621910x.2=324382 -> Cash contribution
6. 1297528/2= 648764
648764-614476= 34288
648764-683052=(34288)
7. Jerusalem= 648764+130000-50000=728764
Rebusora 648764+130000-65000=713764
Lazerna 324382+65000-28000=361382
8. 70000-28000=42000x3/6=21000
Cap deficiency of Zulueta =(2000) x3/5= (1200)
40000-21000=19000-1200=17800
9. Ramos Seechua Tria
124000 124000 304000
(172000) (172000) (172000)
---------------------------------------------------------
(48000) (48000) (132000)
48000 48000 (48000)
132000-48000=84000
10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.)
11. 50000x3/5=30000
12. 950000+50000=1000000x.2=200000
100000-200000=-100000+50000(loan)=-50000
Investment=50000
13. 23200-3000=20200-22000=1800
1800x3/21=257
60000-25000=35000
35000x3/21=5000
5000+257=5257
1.) D
ReplyDelete2.) C
3.) B
4.) C
5.) D
6.) A
7.) A
8.)B
9.) C
10.) C
11.) B
12.) C
13.) B
Solutions:
1Matias Pagayon Pescasiosa
45000 105000 200000
(61000) (61000) (30500) ->share on loss
10000 ->offset of loan
=6000 -> Investment due to net cap deficiency
2Gumban Danlag Escriba
45000 105000 200000
(61000) (61000) (30500)
(16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora
641976 728352
(20000) (35000)
(5500) (6700)
(2000) (3600)
=614476 =683052
4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership
Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset.
5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna
1297528/.8=1621910x.2=324382 -> Cash contribution
6. 1297528/2= 648764
648764-614476= 34288
648764-683052=(34288)
7. Jerusalem= 648764+130000-50000=728764
Rebusora 648764+130000-65000=713764
Lazerna 324382+65000-28000=361382
8. 70000-28000=42000x3/6=21000
Cap deficiency of Zulueta =(2000) x3/5= (1200)
40000-21000=19000-1200=17800
9. Ramos Seechua Tria
124000 124000 304000
(172000) (172000) (172000)
---------------------------------------------------------
(48000) (48000) (132000)
48000 48000 (48000)
132000-48000=84000
10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.)
11. 50000x3/5=30000
12. 950000+50000=1000000x.2=200000
100000-200000=-100000+50000(loan)=-50000
Investment=50000
13. 23200-3000=20200-22000=1800
1800x3/21=257
60000-25000=35000
35000x3/21=5000
5000+257=5257
1.) D
ReplyDelete2.) C
3.) B
4.) C
5.) D
6.) A
7.) A
8.)B
9.) C
10.) C
11.) B
12.) C
13.) B
Solutions:
1Matias Pagayon Pescasiosa
45000 105000 200000
(61000) (61000) (30500) ->share on loss
10000 ->offset of loan
=6000 -> Investment due to net cap deficiency
2Gumban Danlag Escriba
45000 105000 200000
(61000) (61000) (30500)
(16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora
641976 728352
(20000) (35000)
(5500) (6700)
(2000) (3600)
=614476 =683052
4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership
Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset.
5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna
1297528/.8=1621910x.2=324382 -> Cash contribution
6. 1297528/2= 648764
648764-614476= 34288
648764-683052=(34288)
7. Jerusalem= 648764+130000-50000=728764
Rebusora 648764+130000-65000=713764
Lazerna 324382+65000-28000=361382
8. 70000-28000=42000x3/6=21000
Cap deficiency of Zulueta =(2000) x3/5= (1200)
40000-21000=19000-1200=17800
9. Ramos Seechua Tria
124000 124000 304000
(172000) (172000) (172000)
---------------------------------------------------------
(48000) (48000) (132000)
48000 48000 (48000)
132000-48000=84000
10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.)
11. 50000x3/5=30000
12. 950000+50000=1000000x.2=200000
100000-200000=-100000+50000(loan)=-50000
Investment=50000
13. 23200-3000=20200-22000=1800
1800x3/21=257
60000-25000=35000
35000x3/21=5000
5000+257=5257
1.) D
ReplyDelete2.) C
3.) B
4.) C
5.) D
6.) A
7.) A
8.)B
9.) C
10.) C
11.) B
12.) C
13.) B
Solutions:
1Matias Pagayon Pescasiosa
45000 105000 200000
(61000) (61000) (30500) ->share on loss
10000 ->offset of loan
=6000 -> Investment due to net cap deficiency
2Gumban Danlag Escriba
45000 105000 200000
(61000) (61000) (30500)
(16000) 44000 169500 + Gumban loan P10000
3. Jerusalem Rebusora
641976 728352
(20000) (35000)
(5500) (6700)
(2000) (3600)
=614476 =683052
4. 614476+6830582+178940+200000+243650+345000=2265118 ->total asset of the partnership
Jerusalem & Reburosa’s Capital + Liabilities = Partnership Asset.
5. Capital of partners divided by 80%=Answer x 20% -> Contribution of Lazerna
1297528/.8=1621910x.2=324382 -> Cash contribution
6. 1297528/2= 648764
648764-614476= 34288
648764-683052=(34288)
7. Jerusalem= 648764+130000-50000=728764
Rebusora 648764+130000-65000=713764
Lazerna 324382+65000-28000=361382
8. 70000-28000=42000x3/6=21000
Cap deficiency of Zulueta =(2000) x3/5= (1200)
40000-21000=19000-1200=17800
9. Ramos Seechua Tria
124000 124000 304000
(172000) (172000) (172000)
---------------------------------------------------------
(48000) (48000) (132000)
48000 48000 (48000)
132000-48000=84000
10 Lopez 85000 ; Mendez 45000 (equal to their capital balance since there is no gain or loss.)
11. 50000x3/5=30000
12. 950000+50000=1000000x.2=200000
100000-200000=-100000+50000(loan)=-50000
Investment=50000
13. 23200-3000=20200-22000=1800
1800x3/21=257
60000-25000=35000
35000x3/21=5000
5000+257=5257
Go Yvette
ReplyDelete1. D Matias Pagayanon Pesasiosa
45 000 105 000 200 000
(61 000) (61 000) (30 500)
(16 000) 44 000 169 500
10 000
(6 000)
6 000 44 000 169 000
2.C Gumban, loan Gumban Danlag Escriba
10 000 45 000 105 000 200 000
(61 00) (61 000) (30 500)
10 000 (16 000) 44 000 169 500
3.B Jerusalem Rebusora
641 976 728 352
(20 000) (35 000)
(5 500) (6 700)
(2 200) (3 600)
614 476 683 052
4.C 993 416 + 1 271 702 = 2 265 118
5.D 614 476 + 683 052 = 1 297 528 / 80 % = 1 621 910 x 20 % = 324 382
6.A Jerusalem Rebusora
648 764 648 764
(614 476) 683 052
34 288 34 288
7.A Jerusalem Rebusora Lazerna
648 764 648 764 324 382
130 000 130 000 65 000
(50 000) (65 000) (28 000)
728 764 713 764 361 382
8.B A E Z
40 000 25 000 25 000 = 70 000
(21 000) (14 000) (7 000) (28 000)
19 000 11 000 (2 000) 42 000 loss on realization
(1 200) (800) 2 000
17 800 3 000
9.C Ramos Seechua Tria
100 000 80 000 300 000
(60 000) (40 000) (20 000)
24 000 24 000 24 000
64 000 64 000 304 000 = 432 000 + 84 000 = 516 000/3 = 172 000
(172 0000 (172 0000 (172 000)
(108 000) (108 000) 132 000
108 000 108 000 216 000
(84 000)
10.C
11.D Mactal Macadang Pangan
350 000 250 000 350 000 = 950 000
(300 000) (200 000) (500 000) 50 000
50 000 50 000 150 000 1 000 000
(90 000) (60 000) 150 000
(40 000) (10 000)
12.C Ong Rodriguez Pamittan Reyes
420 000 315 000 205 000 100 000
(300 000) (300 000) (200 000) (200 000)
120 000 15 000 5 000 (100 000)
50 000
120 000 15 000 5 000 (50 000)
13.B 60 000 – 23 200 = 36 800 / 21 = 1 752 x 3 = 5 257
1.) D
ReplyDeleteMatias, Capital = P45,000 – 61,000 = (16,000) + 10,000 = P(6,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
2.) C
Matias, Capital = P45,000 – 61,000 = P(16,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
3.) B
Jerusalem, Capital = P641,976 – 20,000 – 5,500 – 2,000 = P614,476
Rebusora, Capital = P728,352 – 35,000 – 6,700 – 3,600 = P683,052
4.) C
Jerusalem (Net Assets) = P1,020,916 – 20,000 – 5,500 – 2,000 = P993,416
Rebusora (Net Assets) = P1,317,002 – 35,000 – 6,700 – 3,600 = P1,271,702
Total Assets = P993,416 + P1,271,702 = P2,265,118
5.) D
P1,297,528 / 80% = P1,621,910 x 20% = P324,382
6.) A
P683,052 – P614,476 = P68,576 / 2 = P34,288
7.) A
Jerusalem, Capital = P130,000 – 50,000 = P80,000 + P648,764 = P728,764
Rebusora, Capital = P130,000 – 65,000 = P65,000 + 648,764 = P713,764
Lazerna, Capital = P65,000 – 28,000 = P37,000 + 324,382 = P361,382
8.) B
Share of Amurao = P40,000 – 21,000 = P19,000 - 1,200 = P17,800
9.) B
Cash distributed to Tria = P300,000 – 20,000 = P280,000 – 172,000 = P108,000
10.) C
Lobos, Capital = P45,000 / 45,000 = 1 x 45,000 = P45,000
11.) B
P50,000 x 3/5 = P30,000
12.) C
Reyes, Capital: P100,000 – 200,000 + 50,000 =P(50,000) + P50,000 = 0
13.) P5,428.57
Garachico, Capital = P60,000 – 22,000 = P38,000 x 3/21 = P5,428.57 the share of Garachico in the loss on realization
-ARAMINA C. ALBAT BSA-1A
1.) D
ReplyDeleteMatias, Capital = P45,000 – 61,000 = (16,000) + 10,000 = P(6,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
2.) C
Matias, Capital = P45,000 – 61,000 = P(16,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
3.) B
Jerusalem, Capital = P641,976 – 20,000 – 5,500 – 2,000 = P614,476
Rebusora, Capital = P728,352 – 35,000 – 6,700 – 3,600 = P683,052
4.) C
Jerusalem (Net Assets) = P1,020,916 – 20,000 – 5,500 – 2,000 = P993,416
Rebusora (Net Assets) = P1,317,002 – 35,000 – 6,700 – 3,600 = P1,271,702
Total Assets = P993,416 + P1,271,702 = P2,265,118
5.) D
P1,297,528 / 80% = P1,621,910 x 20% = P324,382
6.) A
P683,052 – P614,476 = P68,576 / 2 = P34,288
7.) A
Jerusalem, Capital = P130,000 – 50,000 = P80,000 + P648,764 = P728,764
Rebusora, Capital = P130,000 – 65,000 = P65,000 + 648,764 = P713,764
Lazerna, Capital = P65,000 – 28,000 = P37,000 + 324,382 = P361,382
8.) B
Share of Amurao = P40,000 – 21,000 = P19,000 - 1,200 = P17,800
9.) B
Cash distributed to Tria = P300,000 – 20,000 = P280,000 – 172,000 = P108,000
10.) C
Lobos, Capital = P45,000 / 45,000 = 1 x 45,000 = P45,000
11.) B
P50,000 x 3/5 = P30,000
12.) C
Reyes, Capital: P100,000 – 200,000 + 50,000 =P(50,000) + P50,000 = 0
13.) P5,428.57
Garachico, Capital = P60,000 – 22,000 = P38,000 x 3/21 = P5,428.57 the share of Garachico in the loss on realization.
-ARAMINA C. ALBAT
Erratum on assignment 3: Akawnting
ReplyDelete# 2 on page 4-50 to 4-51
gumban should be (6,000) instead of (16,000)
Escriba should be 169,500 instead of P 160,500
# 13 on page 4-54
cash to be divided P 22,200 instead of P 22,000
Dacuno, Rayñel Ed L. BSA - 1A
DeletePart 1
1. D
Sol.
Matias, Capital: 45,000
(61,000)
------------
(16,000)
Matias, Loan: 10,000
------------
Cash to invest: (6,000)
2. C
Sol.
Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital
10,000 45,000 105,000 200,000
(61,000 (61,000) (30,500)
-------------------------------------------------------------------------------------------------
10,000 (16,000) (44,000) (169,500)
================================================
3. B
Sol.
Jerusalem, Capital Rebusora, Capital
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,000) (3,600)
-----------------------------------------------------
614,476 683,052
==========================
4. C
Sol.
Net Assets of Jerusalem Net Assets of Rebusora
1,020,916 1,317,002
(20,000) (35,000)
(5,500) (6,700)
(2,000) (3,600)
-------------------------------------------------------------------------------
993,416 + 1,271,702
2,265,118
=========
5. D
Sol.
Jerusalem, Capital: 614,476
Rebusora, Capital : 683,052
-------------
1,297,528
÷ 80%
--------------
1,621,910
x 20%
--------------
Cash to invest: 324,382
========
6. A
Sol.
Rebusora, Capital : 683,052
Jerusalem, Capital: (614,476)
---------------
68,576
÷ 2
---------------
34,288
=======
Dacuno, Rayñel Ed L. BSA - 1A
DeletePart 2
7. A
Sol.
Jerusalem, Capital Rebusora, Capital Lazerna, Capital
614,476 683,052 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
34,288 (34,288)
-------------------------------------------------------------------------------
728,764 713,764 361,382
========================================
8. B
Sol.
Total Capital : 70,000
Cash available:(28,000)
------------
Loss : 42,000
Amurao, Capital Estoque, Capital Zulueta, Capital
40,000 25,000 5,000
(21,000) (14,000) (7,000)
----------------------------------------------------------------------------
19,000 11,000 (2,000)
( 1,200) ( 800) 2,000
----------------------------------------------------------------------------
17,800 10,200 -
=====
9. D
Sol.
R, Cap: 64,000
S, Cap: 64,000
T, Cap: 304,000
Liab : 84,000
-------------
Loss: 516,000
÷ 3
-------------
172,000
Ramos, Capital Seechua, Capital Tria, Capital
100,000 80,000 300,000
(60,000) (40,000) (20,000)
24,000 24,000 24,000
------------------------------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
------------------------------------------------------------------------
(108,000) (108,000) 132,000
108,000 ( 54,000) (54,000)
------------------------------------------------------------------------
- (162,000) 78,000
======
10. C
11. B
Sol.
Liab: 50,000
x 30/50
-------------
30,000
======
12. C
Sol.
Reyes, Capital: 100,000
Loss :(200,000)
--------------
(100,000)
Reyes, Loan : 50,000
--------------
Cash to invest: (50,000)
========
13. A
Sol.
G, Cap: 1,000
D, Cap: 25,000
P, Cap: 25,000
C, Cap: 9,000
Cash : (22,200)
--------------
Loss: 37,800
x 3/21
--------------
5,400
=====
1.) Matias, Capital 45,000-61,000+10,000+6,000= 0
ReplyDeletePagayanon, Capital 105,000-61,000-44,000= 0
Pescasiosa, Capital 200,000-30,500-169,500=0
Answer: D
2.) Gumban, Loan 10,000
Gumban,Capital 45,000-61,000= (61,000)
Danlag, Capital 105,000-61,000= 44,000
Escriba, Capital 200,000-30,500= 169,500
Answer: C
3.) Jerusalem 641,976-20,000-5,500-2,000= 614,476
Rebusora 728,352-35,000-6,700-3,600= 683,052
Answer: B
4.) 1,020,916 + 1,317,002-27,500-45,300= 2,265,118
Answer: C
5.) AC CC
Old 1,297,528 1,297,528 = 1,621,910
New 324,382 324,382 = 1,621,910
6.) 683,052-614,476= 68,576/2= 34,288
Answer: A
7.) Jerusalem 648,764+130,000-50,000= 728,764
Rebusora 648,764+130,000-65,000= 713,764
Lazerna 324,382+65,000-28,000= 361,382
Answer: A
8.) Amurao 40,000-21,000-1,200= 17,800
Estoque 25,000-14,000-800= 10,200
Zulueta 5,000-7,000+2,000= 0
9.) Ramos 40,000+24,000-64,000-28,000= 0
Seechua 40,000+24,000-64,000-28,000-14,000+42,000= 0
Tria 280,000+24,000-304,000-28,000-14,000-42,000= 84,000
Answer: C
10.) Lopez 85,000
Mendez 45,000
Answer: C
11.) Mactal 350,000-15,000
Macadang 250,000-10,000
Pangan 350,000-25,000
Answer: A
12.) Ong, Capital 420,000-300,000=120,000
Rodriguez, Capital 315,000-300,000= 15,000
Pamittan, Capital 205,000-200,000= 5,000
Reyes, Capital 100,000-200,000+50,000+50,000= 0
Answer: C
13.) Cash 1,800+23,200-3,000= 22,000
Garachico, Capital 1,000-5,429
Answer: 5,429= share of Garachico on loss on realization
1.) D
ReplyDeleteMatias, Capital = P45,000 – 61,000 = (16,000) + 10,000 = P(6,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
2.) C
Matias, Capital = P45,000 – 61,000 = P(16,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
3.) B
Jerusalem, Capital = P641,976 – 20,000 – 5,500 – 2,000 = P614,476
Rebusora, Capital = P728,352 – 35,000 – 6,700 – 3,600 = P683,052
4.) C
Jerusalem (Net Assets) = P1,020,916 – 20,000 – 5,500 – 2,000 = P993,416
Rebusora (Net Assets) = P1,317,002 – 35,000 – 6,700 – 3,600 = P1,271,702
Total Assets = P993,416 + P1,271,702 = P2,265,118
5.) D
P1,297,528 / 80% = P1,621,910 x 20% = P324,382
6.) A
P683,052 – P614,476 = P68,576 / 2 = P34,288
7.) A
Jerusalem, Capital = P130,000 – 50,000 = P80,000 + P648,764 = P728,764
Rebusora, Capital = P130,000 – 65,000 = P65,000 + 648,764 = P713,764
Lazerna, Capital = P65,000 – 28,000 = P37,000 + 324,382 = P361,382
8.) B
Share of Amurao = P40,000 – 21,000 = P19,000 - 1,200 = P17,800
9.) B
Cash distributed to Tria = P300,000 – 20,000 = P280,000 – 172,000 = P108,000
10.) C
Lobos, Capital = P45,000 / 45,000 = 1 x 45,000 = P45,000
11.) B
P50,000 x 3/5 = P30,000
12.) C
Reyes, Capital: P100,000 – 200,000 + 50,000 =P(50,000) + P50,000 = 0
13.) A
Garachico, Capital = P60,000 – 22,200 = P37,800 x 3/21 = P5,400
jacqueline tado 1a
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,4answer00) 17,800 14,200 (5,400)
Boreres, Yvette R.
ReplyDelete1.) Answer : D Matias P 6,000
Matias Capital
Beg. 45,000
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10,000
Bal. (6,000)
Additional Investment: 6,000
2.) Answer: C Gumban, Loan P 10,000, Gumban, Capital P (16,000), Danlag, Capital P44,000, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realization 247,500 (400,000) (61,000) (61,000) (30,500)
Balance 347,500 140,000 10,000 (16,000) 44,000 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,400) 17,800 14,200 (5,400)
angela ramos bsa 1a
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,400) 17,800 14,200 (5,400)
hermosilla merilyn
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,400) 17,800 14,200 (5,400)
Carlo Maglinte
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,4answer00) 17,800 14,200 (5,400)
Solana arlito
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,4answer00) 17,800 14,200 (5,400)
ariane gata
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,4answer00) 17,800 14,200 (5,400)
regine may zabala
ReplyDelete1.) Answer : D Matias P 6K
Matias Capital
Beg. 45K
Less: Loss on Realization 61k
Bal. (16k)
Add: Right of Offset 10K
Bal. (6K)
Additional Investment: 6K
2.) Answer: C Gumban, Loan P 10K, Gumban, Capital P (16K), Danlag, Capital P44K, Escriba, Capital P 169,500
Cash Other Assets Liabilities G., Loan Gumban, Cap. Danlag, Cap. Escriba, Cap.
P/L Ratio 40% 40% 20%
Bal. b4
Liquidation 100K 400K 140K 10K 45K 105K 200K
Realization 247,500 (400k) (61K) (61K) (30,500)
Balance 347,500 140K 10K (16K) 44K 169,500
3.)Answer: B Jerusalem’s, P614,476 ; Rebusora’s , P683,052
Jerusalem Rebosura
Capital Bal. 641,976 728,352
Adjustments (27,500) (45,300)
Total 614,476 683,052
4.)Answer :C P 2,265,118
Jerusalem’s asset: 1,020,916
Rebusora’s asset: 1,317,002
2,337,918
Adjustments : (72,800)
Total assets : 2,265,118
5.)Answer : P324,382
AC CC
Old 1,297,528 1,297,528
New 324,382 324,382
Total 1,621,910 1,621,910
6.) Answer : A P 34,288
Jerusalem, capital Rebusora, capital
Cap 614,476 683,052
Cash (162,164) (162,164)
Total 452,312 520,888
452,312-520,888=68,576/2=34,288
7.) Answer : A . Jerusalem , P728,764, Rebusora, P 713,764, lazerna P361,382
8.) Answer : B 17,800
Capital A E Z
70,000 = 40,000 25,000 5,000
(42,000) =(21,000) (14,000) (7,000)
28,000 = 19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 -
9.) Answer : B. P 84,000
10.) Answer : C. Lopez to receive P85,000 and Mendez to receive P45,000
11.) Answer : B P 30,000
Liabilities Mactal, capital Macadang, capital Pangan, capital
50,000 350,000 250,000 350,000
(50,000) (30,000) (20,000)
- 320,000 230,000 350,000
12.) Answer : C. Reyes at P50,000
Reyes Capital
Beg. 100,000
Less : Loss on realization (200,000)
Bal. (100,000)
Add: Right of Offset 50,000
Bal. (50,000)
Additional Investment: 50,000
13.) Answer : A. P5,400
Capital Garachico, capital Dugan, capital Pascua, capital Cerda, capital
60,000 1,000 25,000 25,000 9,000
(37,800) (5,400) (7,200) (10,800) (14,400)
22,200 (4,4answer00) 17,800 14,200 (5,400)
CAUNTE, JAYMAR M. BSA 1-A
ReplyDelete1.) D
Capital Balance 45,000
Share of loss (61,000)
16,000
Right of offset (10,000)
Cash investment 6,000
2.) C
Cash Other Asset Liabilities Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Caital
4/10 4/10 2/10
100,000 400,000 140,000 10,000 45,000 105,000 200,000
247,500 (400,000) (61,000) (61,000) (30,500)
347,500 140,000 10,000 (16,000) 44,000 160,500
3.) B
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,000) (3,600)
614,476 683,052
4.) C
Jerusalem Rebusora
1,020,916 137,002
(27,500) (45,300)
993,416 + 271,702 = 2,265,118
5.) D
Contributed capital 1,297,528
X 80__
1,621,910
X 20%
324,382
6.) A
Jerusalem: 648,764 – 614,476 = 34,288
7.) A
Jerusalem Rebusora Lazerna
Capital 648,764 648,764 324,328
Drawings (50,000) (65,000) (28,000)
598,764 583,764 296,928
Profit 130,000 130,000 65,000
728,764 713,764 296,328
8.) B
28,000 – 80,000 = (42,000) - total loss of the partnership
42,000 x 3/6 = 21,000 - Amuraos share of loss
40,000 – 21,000 = 19,000 – 1,200 = 17,800
9.) D
Liabiliies 84,000
Capital 432,000
Asset/Loss 516,000
Ramos Seechua Tria
Balance 100,000 80,000 300,000
Drawings (60,000) (40,000) (20,000)
40,000 40,000 280,000
Profit 24,000 24,000 24,000
64,000 64,000 304,000
Loss (172,000) (172,000) (172,000)
(108,000) (108,000) 132,000
Absorption 108,000 (54,000) (54,000)
(162,000) 78,000
10.) C
11.) B
50,000 x 60% = 30,000
12.) C
Reyes Ong, Rodriguez, Pamittan, Reyes,
Loan Capital Capital Capital Capital
30% 30% 20% 20%
50,000 470,000 315,000 205,000 100,000
(30,000) (300,000) (200,000) (200,000)
120,000 15,000 5,000 (100,000)
(50,000) 50,000
120,000 15,000 5,000 (50,000)
13.) A
Capital 60,000
Cash 22,200
Loss 37,800
X 3/21
5,400
MARCELO T. GREFIEL III BSA-1B
ReplyDeleteAssign.#3
1. Matias,Cap Pagayanon,Cap Pescasiosa,Cap
Bal. 45,000 105,000 200,000
Share (61,000) (61,000) (30,500)
------------- ----------- -------------
Bal (16,000) 44,000 169,500
Offset 10,000
-------------
(6,000)
Ans. d.
2. G,Loan G,Cap D,Cap E,Cap
Bal. 10,000 45,000 105,000 200,000
Share (61,000) (61,000) (30,500)
----------------------------------------------------
Bal 10,000 (16,000) 44,000 169,500
Ans. c.
3. Jerusalem,Cap Rebusore,Cap
Bal 641,976 728,352
Adj.
ADA (20,000) (35,000)
Inventory (5,500) (6,700)
Write off (2,000) (3,600)
---------- ---------------
Bal 614,476 683,052
Ans. b.
4. A=L+C
=967,590+1,297,528
A=P2,265,118
Ans. c.
5. TCC(Old Partners) P 1,297,528
Interest / .8
-----------------
1,621,910
Interest (Lazerna) * .2
---------------
Cash(Lazerna) P324,382
Ans. d.
6. Ans. a.
7. J,Cap. R,Cap L,Cap
Bal. 614,000 683,052 324,382
Share in NI 130,000 130,000 65,000
Drawings (50,000) (65,000) (28,000)
-------------------------------------------
Bal P694,476 748,052
Ans. a.
Page 1 of 2.........
MARCELO T. GREFIEL III BSA-1B
ReplyDelete8. A,Cap E,Cap Z,Cap
Total Cap 70,000 40,000 25,000 5,000
Cash (28,000) (21,000) (14,000) (7,000)
------------ --------------------------------------------
Loss 42,000 19,000 11,000 (2,000)
(1,200) ( 800) 2,000
-----------------------------------------
17,800 10,200
Ans. b.
9. Ans. c.
10. Lopez: 130,000*85,000/130,000=P85,000
Mendez: 130,000*45,000/130,000=P45,000
Ans. c.
11. Total Cap 950,000 Mactal,Cap Macadang,Cap Pangan,Cap
Liab 50,000 Bal 350,000 250,000 350,000
------------- (300,000) (200,000) (500,000)
Loss 1,000,000 -----------------------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
-------------------------------------------------------------------
(40,000) (10,000)
Ans. d.
12. Ro,Loan Re,Loan Ong,Cap Rod,Cap Pam,Cap Re,Cap
60,000 50,000 420,000 315,000 205,000 100,000
(300,000) (300,000) (200,000) (200,000)
---------------------------------------------------------------------------------------
60,000 50,000 120,000 15,000 5,000 (100,000)
(50,000) 50,000
------------- ---------------
0 (50,000)
Ans. c.
13. Total Cap 60,000 Garachico: 37,800*3/12=P5,400
Cash (22,200)
-------------
Loss 37,000
Ans. a.
Page 2 of 2
1. D.
ReplyDeleteMatias [45000-61000= (16000) – 10000= 6000]
2. C.
Gumban [45000-61000= (16000)]
Danlag [105000-61000= 44000]
Escriba [200000-30500= 169500]
3. B.
Jerusalem [641976+(20000)+(5500)+(2000)= 614476]
Rebusora [728352+(35000)+(6700)+(3600)= 683052]
4. C.
Assets= Liabilities + Owners Equity
A=(178940+243650+200000+345000)+(614476+683052)
Assets= 2265118
5 D.
[2265118/80%=2831398] [2831398-2265118= 324382]
6. A.
7. A.
Jerusalem [614476+140000+(50000)= 728764]
Rebusora [ 683052+140000+(65000)= 713764]
Lazerna [324382+70000+(28000)= 361382]
8. B.
Total Capital 70000
Cash Available (28000)
Loss on 42000
Realization
9. D.
[280000+24000=304000+(72000)= 132000-54000= 78000]
10 C.
11. D.
Mactal [350000+(300000)=50000+(90000)=(40000)]
12. C.
Reyes [100000+(200000)=(100000)+50000=(50000)]
13. A.
Garachico[60000-22000= 37800x3/21=5400]
1.Matias,Capital = 45,000
ReplyDeleteMatias,Loan = 10,000
Distribution of loss based on P/L= (61,000)
Total = (6,000)
Additional Investment = 6,000 LEtter D.
2.Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital Total
45,000 105,000 200,000 = 360,000
(61,000) (61,000) (30,500) = (152,500)
10,000 (16,000) 44,000 169,500 = 116,500 Letter C.
3. Jerusalem,Capital Rebusora,Capital
641,976 782,352
Accounts Receivable (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
Total 614,476 683,052 Letter B.
4. Jerusalem Rebusora
Cash 11,000 22,354
Accounts Receivable 214,536 532,890
Inventory 114,535 253,402
Land 603,000 -
Building - 428,267
Furniture & Fixtures 50,345 34,789
Other Assets - -
Total 993,416 + 1,271,702= 2,265,118 Letter C
5.1,621,910 x 20%= 324,382 Letter D.--> Cash distributed by Lazerna
6.Jerusalem=1,621,910 x 40%= 648,764 - 614,476= 34,288 Letter A.
Rebusora=1,621,910 x 40%= 648,764 - 683,052= 34,288 Letter A.
7.Jerusalem=648,764 + 130,000 - 50,000= 728,764 Letter A.
Rebusora=648,764 + 130,000 - 65,000= 713,764
Lazerna=324,382 + 65,000 - 28,000= 361,382
8. Amurao Estoque Zulueta Total
40,000 25,000 5,000 = 70,000
(21,000) (14,000) (7,000) = (42,000)
19,000 11,000 (2,000) = 28,000
(1,200) (800) 2,000 =
17,800 10,200 - = 28,000 Letter B.
9.Tria= 300,000 - 20,000= 280,000 + 24,000=304,000 - 172,000= 132,000 - 54,000=
=78,000 Letter D.
10.LOpez 85,000 Letter C.
Mendez 45,000
11.Mactal=350,000 - 300,000= 50,000 - 90,000=( 40,000) Letter D.
12.Reyes =150,000 - 200,000= (50,000)
Additonal Investment = 50,000 Letter C.
13.Garachico 1,000
Dugan 25,000
Pascua 25,000
Cerda 9,000
Total 60,000 - 22,200= 37,800 x 3/21= 5,400 Letter A.Share of Garachico
------Romell Jimboy Belano
1. D. Matias, P6,000
ReplyDeleteCash Non-Cash Liability Matias, Loan Matias, Capital Pagayanon, Capital Pescasiosa, Capital
Balance 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Sale of
Non-cash 247,500 400,000 (61,000) (61,000) (30,500)
Balance 347,500 140,000 10,000 (16,000) 44,000 169,500
Right of
Offset (10,000) 10,000
Balance 347,500 140,000 (6,000) 44,000 169,500
Payment (140,000) (140,000)
Final Cash 207,500 (6,000) 44,000 169,500
2. Cash Non-Cash Liability Gumban, Loan Gumban, capital Danlag, capital Escriba, capital
Balance 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Sale of
Non- cash 247,500 400,000 (61,000) (61,000) (30,500)
Balance 347,500 140,000 10,000 (16,000) 44,000 169,500
Payment (140,000) (140,000) ( 10,000) 10,000
Balance 207,500 ( 6,000) 44,000 169,500
3. B. Jerusalem’s, 614,476 ; Rebusora’s, 683,052
Jerusalem=649,976-20,000-5,500-2,000= 614,476
Rebusora= 728,352-35,000-6,700-3,600= 683,052
4. C. 2,265,118
Jerusalem’s, 614,476
Rebusora’s, 683,052
A/P 422,590
N/P 545,000
Assets 2,265,118
5. D. 324,382
1,297,528 / 80% = 1,621,910
1,621,910 x 20% = 324,382
6. A. 34,288 jerusalem Rebusora Lazerna
648,764 648,764 324,382
(614,476) (683,052)
34,288 (34,288)
7. A. Jerusalem 728,764; Rebusora 713,764 ; Lazerna 361,382
jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
778,764 778,764 389,382
(50,000) (65,000) (28,000)
728,764 713,764 361,382
8. B. 17,800 Cash Liability Amurao Estoque Zulueta
3,000 12,000 40,000 25,000 5,000
37,000 (21,000) (14,000) (7,000)
40,000 12,000 19,000 11,000 (2,000)
(12,000) (12,000) (1,200) (800) 2,000
28,000 17,800 10,200
9. B. 108,000
10. C. Lopez to receive 85,000 and mendez receive 32,500
11. A. 15,000 Liabilty Mactal, Capital Macadang, capital Pangan, Capital
50,000 350,000 250,000 350,000
30% 20% 50%
(50,000) (15,000) (10,000) (25,000)
0 335,000 240,000 325,000
12. C. Reyes at 50,000 Reyes = 100,000-200,000-50,000= (50,000)
13. A. 5,400 22,200+ 3,000-23,200=2,000-63,000=61,000-23,200=37,800x3/12= 5,400
1. A.
ReplyDeleteMatias,capital 45,000
Realization (61,000)
Balances (16,000)
Right of offset 10,000
Balances (6,000)
Additional investment 6000
=====
2. B.
gumban,loan gumban,capital danlag,capital escriba,capital
10,000 45,000 105,000 200,000
loss on realization (61,000) (61,000) (30,500)
balances 10,000 (16,000) 44,000 169,500
====== ======= ====== ======
3. B.
jerusalem,capital rebusora,capital
capital 641,976 728,352
ADA (20,000) (35,000)
inventory (5,000) (6,700)
other assets (2,000) (3,600)
capital balances 614,476 683,052
====== ======
4. C.
assets 2,337,918
ADA (5,500)
inventories (12,200)
other assets (5,600)
Total assets 2,265,118
========
5.D.
total capital 1,297,528 / 80% = 1,621,910 x 20% = 324,382
=======
6. A
total capital 1,621,910 / 40% = 648,764
jerusalem,capital (614,476)
additional cash investment 34,288
=====
7. jerusalem rebusora lazerna
capital 648,764 648,764 324,382
profit share 130,000 130,000 65,,000
withdrawals (50,000) (65,000) (28,000)
balances 728,764 713,764 361,382
======= ====== ======
8. B.
amurao,capital 40,000
loss in realization (21,000)
balances 19,000
additional loss 1,200
cash for Amurao 17,800
=====
9. A.
tria,capital 280,000 - 36,000 = 244,000 - 82,000 = 162,000
======
10. C.
Net Assets Lopez,capital mendez,capital
130,000 85,000 45,000
(130,000) (85,000) (45,000)
====== ======
11. B.
remaining liabilities 50,000 x 30% / 50,000 = 30,000
======
12. reyes,capital 100,000
realization loss (200,000)
balances (100,000)
right for offset 50,000
balances (50,000)
additional investment 50,000
=====
13. A.
NCA 61,000
Realization 23,200
37,800 x 3/21 = 5,400
====
1.) D
ReplyDeleteMatias, Capital = P45,000
Loss on realization ( 61,000)
Right of offset 10,000
Total: (6,000) – Additional investment
2.) C
Matias, Capital = P45,000 – 61,000 = P(16,000)
Pagayanon, Capital = P105,000 – 61,000 = P44,000
Pescasiosa, Capital = P200,000 – 30,500 = P169, 500
3.) B
Jerusalem, Capital = P641,976 – 20,000 – 5,500 – 2,000 = P614,476
Rebusora, Capital = P728,352 – 35,000 – 6,700 – 3,600 = P683,052
4.) C
Total Assets = P993,416 + P1,271,702 = P2,265,118
5.) D
P1,297,528 / 80% = P1,621,910 x 20% = P324,382
6.) A
P1,261,910 x 40%= P648,764- 614,476= 34,288
7.) A
Jerusalem, Capital = P130,000 – 50,000 = P80,000 + P648,764 = P728,764
Rebusora, Capital = P130,000 – 65,000 = P65,000 + 648,764 = P713,764
Lazerna, Capital = P65,000 – 28,000 = P37,000 + 324,382 = P361,382
8.) B
Share of Amurao = P40,000 – 21,000 = P19,000 - 1,200 = P17,800
9.) B
Cash distributed to Tria = P300,000 – 20,000 = P280,000 – 172,000 = P108,000
10.) C
Lopez, Capital= P130,000x 85,000/130,000= P85,000
Mendez, Capital= P130,000x 45,00/130,000= P45,000
11.) B
P50,000 x 3/5 = P30,000
12.) C
Reyes, Capital: P100,000 – 200,000 + 50,000 =P(50,000) + P50,000 = 0
13.) A
Garachico, Capital = P60,000 – 22,200 = P37,800*3/21 = P5,400
CLARISSA S. VALERIO BSA-1A
ReplyDelete1. Answer : D
Matias, Capital
P/L 40%
Balance 45,000
Realization (61,000)
Balance (16,000)
Right of Offset 10,000
Balance (6,000)
Add. Inv. 6,000
2. Answer : C
Cash NCA Liab G Loan G Cap. D Cap. E Cap.
P/L 40% 40% 20%
Balance 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realization 247,500 (400,000) (61,000) (61,000) (30,500)
Balance 347,500 140,000 10,000 (61,000) 44,000 169,500
Payment (140,000) (140,000)
Balance 207,500 10,000 (16,000) 44,000 167,500
3. Answer : B
Jerusalem Rebusora
Cap., Bal. 641,976 728,352
Adjustments:
AR (20,000) (35,000)
Inv. (5,500) (6,700)
Other Assets (2,000) (3,600)
614,476 683,052
4. Answer : C
Jerusalem, Total Assets : 993, 416
Rebusora : 1, 271, 702
2, 265, 118
5. Answer : D
Old Partners Capital : 1, 297, 528 ÷ 80% = 1,621, 910
New Partners Capital : 1, 621, 910 x 20% = 324, 382
6. Answer : A
Jerusalem : 1, 297, 528 ÷ 80% x 40% = 648, 764
Jerusalem, Capital (614, 476)
34, 288
7. Answer : A
Jerusalem Rebusora Lazerna
Cap. Bal. 614, 476 683, 052 324, 382
Cash 34, 288 (34, 288) -
Profit 130, 000 130, 000 65, 000
Drawings (50, 000) (65, 000) (28, 000)
8. Answer : B
Amurao Capital
P/L 3/6
Balance 40, 000
Realization (21, 000)___
Balance 19, 000
Absorption (1,200)
17, 800
9. Answer : C
280, 000
(14, 000)
(24, 000)
(84, 000)
108, 000
10. Answer : C
Net Assets Lopez, Cap. Mendez, Cap.
130, 000 85,000 45, 000
(130, 000)________________________
85, 000 45, 000
11. Answer : B
Mactal, Cap. Macadang, Cap. Pangan, Cap.
(50, 000)
(30, 000) (20, 000) 50, 000
12. Answer : C
Reyes, Capital
P/L 20%
Balance 100, 000
Realization 200, 000
Balance 100, 000
Right of Offset 50, 000
Balance (50, 000)
Add. Inv. 50, 000
13. Answer : B
60, 000
1, 800
58, 200
23, 200
35, 000 x 3/21 = 5, 000
1, 800 x 3/21 = 257
5, 257
CLARISSA S. VALERIO BSA-1A
ReplyDelete1. Answer : D
Matias, Capital
P/L 40%
Balance 45,000
Realization (61,000)
Balance (16,000)
Right of Offset 10,000
Balance (6,000)
Add. Inv. 6,000
2. Answer : C
Cash NCA Liab G Loan G Cap. D Cap. E Cap.
P/L 40% 40% 20%
Balance 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realization 247,500 (400,000) (61,000) (61,000) (30,500)
Balance 347,500 140,000 10,000 (61,000) 44,000 169,500
Payment (140,000) (140,000)
Balance 207,500 10,000 (16,000) 44,000 167,500
3. Answer : B
Jerusalem Rebusora
Cap., Bal. 641,976 728,352
Adjustments:
AR (20,000) (35,000)
Inv. (5,500) (6,700)
Other Assets (2,000) (3,600)
614,476 683,052
4. Answer : C
Jerusalem, Total Assets : 993, 416
Rebusora : 1, 271, 702
2, 265, 118
5. Answer : D
Old Partners Capital : 1, 297, 528 ÷ 80% = 1,621, 910
New Partners Capital : 1, 621, 910 x 20% = 324, 382
6. Answer : A
Jerusalem : 1, 297, 528 ÷ 80% x 40% = 648, 764
Jerusalem, Capital (614, 476)
34, 288
7. Answer : A
Jerusalem Rebusora Lazerna
Cap. Bal. 614, 476 683, 052 324, 382
Cash 34, 288 (34, 288) -
Profit 130, 000 130, 000 65, 000
Drawings (50, 000) (65, 000) (28, 000)
8. Answer : B
Amurao Capital
P/L 3/6
Balance 40, 000
Realization (21, 000)___
Balance 19, 000
Absorption (1,200)
17, 800
9. Answer : C
280, 000
(14, 000)
(24, 000)
(84, 000)
108, 000
10. Answer : C
Net Assets Lopez, Cap. Mendez, Cap.
130, 000 85,000 45, 000
(130, 000)________________________
85, 000 45, 000
11. Answer : B
Mactal, Cap. Macadang, Cap. Pangan, Cap.
(50, 000)
(30, 000) (20, 000) 50, 000
12. Answer : C
Reyes, Capital
P/L 20%
Balance 100, 000
Realization 200, 000
Balance 100, 000
Right of Offset 50, 000
Balance (50, 000)
Add. Inv. 50, 000
13. Answer : B
60, 000
1, 800
58, 200
23, 200
35, 000 x 3/21 = 5, 000
1, 800 x 3/21 = 257
5, 257
ENDONG, MARK MILLAN N. BSA-1A
ReplyDeleteMultiple Choice (4-50-54)
1. D.
Matias, Capital 45 000-61 000+10 000 = (6 000)
Pagayanon, Capital 105 000-61 000= 44 000
Pescasiosa, Capital 200 000- 30 500= 169 500
2. C.
Gumban, Loan 10 000
Gumban, Cap. 45 000- 61 000= (16 000)
Danlag, Cap. 105 000- 61 000= 44 000
Escriba, Cap. 200 000- 30 500= 169 500
3. B.
Jerusalem: 641 976- 20 000- 5 500- 2 000= 614 476
Rebusora: 728 352- 35 000- 6 700- 3 600= 683 052
4. C.
2 337 918 (Net Asset of the Partners)
(72 800) (Adjustments)
-------------
2 265 118 (Partnership Capital)
=======
5. D.
1 297 528/ 80% x 20%= 324 382
======
6. A.
1 621 910 x .40= 648 764- 614 476= 34 288 (Cash Settlement)
7. A.
Jerusalem, Cap. : 648 764+ 130 000- 50 000= 728 264
Rebusora, Cap. : 648 764+ 130 000- 65 000= 713 764
Lazerna, Cap. : 324 382+ 65 000- 28 000= 361 382
8. B.
70 000 (Capital)
(28 000) (Remaining Cash)
------------
42 000 (Loss on Realization)
Amurao, Capital
40 000 (Capital)
(21 000) (Share on Loss on Realization)
(1 200) (Absorption)
-----------
17 800 (Capital Balance)
=====
9. D.
Ramos, Capital Seechua, Capital Tria, Capital TOTAL
100 000 80 000 300 000 480 000
(60 000) (40 000) (20 000) (120 000)
24 000 24 000 24 000 72 000
---------------------------------------------------------------------------------
64 000 64 000 304 000 432 000
(172 000) (172 000) (172 000) (516 000)
---------------------------------------------------------------------------------
(108 000) (108 000) 132 000 (84 000)
108 000 (54 000) (54 000)
(162 000) 78 000 (84 000)
======= ======== ========
10. C.
11. B.
50 000 x 3/5= 30 000
=====
12. C.
(1 000 000) x 20%= (200 000) Share on Realization
100 000- 200 000+ 50 000= (50 000) Additional Investment of Reyes
13. A.
60 000- 22 200 x 3/5= 5 400
=====
1.Matias,Capital = 45,000
ReplyDeleteMatias,Loan = 10,000
Distribution of loss based on P/L= (61,000)
Total = (6,000)
Additional Investment = 6,000 LEtter D.
2.Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital Total
45,000 105,000 200,000 = 360,000
(61,000) (61,000) (30,500) = (152,500)
10,000 (16,000) 44,000 169,500 = 116,500 Letter C.
3. Jerusalem,Capital Rebusora,Capital
641,976 782,352
Accounts Receivable (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
Total 614,476 683,052 Letter B.
4. Jerusalem Rebusora
Cash 11,000 22,354
Accounts Receivable 214,536 532,890
Inventory 114,535 253,402
Land 603,000 -
Building - 428,267
Furniture & Fixtures 50,345 34,789
Other Assets - -
Total 993,416 + 1,271,702= 2,265,118 Letter C
5.1,621,910 x 20%= 324,382 Letter D.--> Cash distributed by Lazerna
6.Jerusalem=1,621,910 x 40%= 648,764 - 614,476= 34,288 Letter A.
Rebusora=1,621,910 x 40%= 648,764 - 683,052= 34,288 Letter A.
7.Jerusalem=648,764 + 130,000 - 50,000= 728,764 Letter A.
Rebusora=648,764 + 130,000 - 65,000= 713,764
Lazerna=324,382 + 65,000 - 28,000= 361,382
8. Amurao Estoque Zulueta Total
40,000 25,000 5,000 = 70,000
(21,000) (14,000) (7,000) = (42,000)
19,000 11,000 (2,000) = 28,000
(1,200) (800) 2,000 =
17,800 10,200 - = 28,000 Letter B.
9.Tria= 300,000 - 20,000= 280,000 + 24,000=304,000 - 172,000= 132,000 - 54,000=
=78,000 Letter D.
10.LOpez 85,000 Letter C.
Mendez 45,000
11.Mactal=350,000 - 300,000= 50,000 - 90,000=( 40,000) Letter D.
12.Reyes =150,000 - 200,000= (50,000)
Additonal Investment = 50,000 Letter C.
13.Garachico 1,000
Dugan 25,000
Pascua 25,000
Cerda 9,000
Total 60,000 - 22,200= 37,800 x 3/21= 5,400 Letter A.Share of Garachico
--Romelee T. Velasco BSA-1B :)
1.Matias,Capital = 45,000
ReplyDeleteMatias,Loan = 10,000
Distribution of loss based on P/L= (61,000)
Total = (6,000)
Additional Investment = 6,000 LEtter D.
2.Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital Total
45,000 105,000 200,000 = 360,000
(61,000) (61,000) (30,500) = (152,500)
10,000 (16,000) 44,000 169,500 = 116,500 Letter C.
3. Jerusalem,Capital Rebusora,Capital
641,976 782,352
Accounts Receivable (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
Total 614,476 683,052 Letter B.
4. Jerusalem Rebusora
Cash 11,000 22,354
Accounts Receivable 214,536 532,890
Inventory 114,535 253,402
Land 603,000 -
Building - 428,267
Furniture & Fixtures 50,345 34,789
Other Assets - -
Total 993,416 + 1,271,702= 2,265,118 Letter C
5.1,621,910 x 20%= 324,382 Letter D.--> Cash distributed by Lazerna
6.Jerusalem=1,621,910 x 40%= 648,764 - 614,476= 34,288 Letter A.
Rebusora=1,621,910 x 40%= 648,764 - 683,052= 34,288 Letter A.
7.Jerusalem=648,764 + 130,000 - 50,000= 728,764 Letter A.
Rebusora=648,764 + 130,000 - 65,000= 713,764
Lazerna=324,382 + 65,000 - 28,000= 361,382
8. Amurao Estoque Zulueta Total
40,000 25,000 5,000 = 70,000
(21,000) (14,000) (7,000) = (42,000)
19,000 11,000 (2,000) = 28,000
(1,200) (800) 2,000 =
17,800 10,200 - = 28,000 Letter B.
9.Tria= 300,000 - 20,000= 280,000 + 24,000=304,000 - 172,000= 132,000 - 54,000=
=78,000 Letter D.
10.LOpez 85,000 Letter C.
Mendez 45,000
11.Mactal=350,000 - 300,000= 50,000 - 90,000=( 40,000) Letter D.
12.Reyes =150,000 - 200,000= (50,000)
Additonal Investment = 50,000 Letter C.
13.Garachico 1,000
Dugan 25,000
Pascua 25,000
Cerda 9,000
Total 60,000 - 22,200= 37,800 x 3/21= 5,400 Letter A.Share of Garachico
---Jefferson O. Gapate Bsa-1B
1.Matias,Capital = 45,000
ReplyDeleteMatias,Loan = 10,000
Distribution of loss based on P/L= (61,000)
Total = (6,000)
Additional Investment = 6,000 LEtter D.
2.Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital Total
45,000 105,000 200,000 = 360,000
(61,000) (61,000) (30,500) = (152,500)
10,000 (16,000) 44,000 169,500 = 116,500 Letter C.
3. Jerusalem,Capital Rebusora,Capital
641,976 782,352
Accounts Receivable (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
Total 614,476 683,052 Letter B.
4. Jerusalem Rebusora
Cash 11,000 22,354
Accounts Receivable 214,536 532,890
Inventory 114,535 253,402
Land 603,000 -
Building - 428,267
Furniture & Fixtures 50,345 34,789
Other Assets - -
Total 993,416 + 1,271,702= 2,265,118 Letter C
5.1,621,910 x 20%= 324,382 Letter D.--> Cash distributed by Lazerna
6.Jerusalem=1,621,910 x 40%= 648,764 - 614,476= 34,288 Letter A.
Rebusora=1,621,910 x 40%= 648,764 - 683,052= 34,288 Letter A.
7.Jerusalem=648,764 + 130,000 - 50,000= 728,764 Letter A.
Rebusora=648,764 + 130,000 - 65,000= 713,764
Lazerna=324,382 + 65,000 - 28,000= 361,382
8. Amurao Estoque Zulueta Total
40,000 25,000 5,000 = 70,000
(21,000) (14,000) (7,000) = (42,000)
19,000 11,000 (2,000) = 28,000
(1,200) (800) 2,000 =
17,800 10,200 - = 28,000 Letter B.
9.Tria= 300,000 - 20,000= 280,000 + 24,000=304,000 - 172,000= 132,000 - 54,000=
=78,000 Letter D.
10.LOpez 85,000 Letter C.
Mendez 45,000
11.Mactal=350,000 - 300,000= 50,000 - 90,000=( 40,000) Letter D.
12.Reyes =150,000 - 200,000= (50,000)
Additonal Investment = 50,000 Letter C.
13.Garachico 1,000
Dugan 25,000
Pascua 25,000
Cerda 9,000
Total 60,000 - 22,200= 37,800 x 3/21= 5,400 Letter A.Share of Garachico
--- Nikko Emelito Silva Bsa-1B
1. D. Matias, P6,000
ReplyDelete2. C. Gumban Loan Gumban Capital Danlag, Capital Escriba, Capital
10,000 -6,000 44,000 169,500
3. A. Jerusalem Rebusora
614,476 683,052
4.C. 2,265,118
5.D. 324,382
6. A. 34,288
7. A. Jerusalem Rebusora Lazerna
728,764 713,764 361,382
8. B. 17,800
9. D. 78,000
10. C. Lopez Mendez
85,000 45,000
11. D. 40,000
12. C. Reyes at P50,000
13. A. 5,400
Jill Fritz Dale C. Dela Cruz BSA-1B :)
Reynanel Yu Argales BSA 1A
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanan 105,000 - 61,000 = 44,000
Pescasiosa 200,000 - 30,500 = 169,500
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
1. D. Matias 6,000
ReplyDeleteMatias,capital
45,000
(61,000)
----------------
(16,000)
10,000
---------------
(6,000)
2. C. 0 (6,000) 44,000 169,500
Gumban,loan Gumban,capital Danlag,capital Escriba,capital
10,000 45,000 105,000 200,000
(61,000) (61,000) (30,500)
---------------- ---------------- -------------------- ------------------
10,000 (16,000) 44,000 169,500
(10,000) 10,000
========== --------------- ---------------- -------------------
(6,000) 44,000 169,500
3. B. Jerusalem's 614,476 Rebusora's 683,052
Jerusalem, capital Rebusora, capital
Original capital 641,976 728,352
less adjustments (27,500) (45,300)
-------------------- -------------------
614,476 683,052
========= ========
4. C. 2,265,118
adjusted capital 614,476 683,052
add: liabilities 378,940 588,650
--------------- --------------
993,416 + 1,271,702 = 2,265,118
========
5. D. 324,382
1,297,528 / 80% = 1,621,910 x 20% = 324,382
=======
6. A. 34,288
1,621,910 x 40%=648,764
614,476 - 648,764= (34,288)
683,052- 648764= 34,288
=======
7. A. Jerusalem 728,764 ; Rebusora 713,764 ; Lazerna 361,382
ReplyDelete648, 764+130,000=778,764 - 50,000 = 728,764
648, 764+130,000=778,764 - 65,000 = 713,764
324, 382+65,000 = 389,328 - 28,000 = 361, 382
8. B. 17,800
A
40,000
(21,000)
---------------
19,000
(1,200)
--------------
17,800
=======
9. D. 78,000
Tria
300,000
(20,000)
----------------
280,000
24,000
--------------
304,000
(172,000)
--------------
132,000
(54,000)
----------------
78,000
========
10. C. Lopez to receive 85,000 and Mendez to receive 45,000
130,000 x 85,000/130,000=85,000
130,000 x 45,000/130,000=45,000
11. D. 40,000
Mactal
350,000
(300,000)
-------------------
50,000
(90,000)
------------------
(40,000)
=======
12. C. Reyes at 50,000
Reyes
100,000
(200,000)
---------------
(100,000)
50,000
--------------
(50,000)
======
13. A. 5,400
Garachico Dugan Pascua Cerda Total
1,000 25,000 25,000 9,000 60,000
(5,400) (7,200) (10,800) (14,400) (37,800)
======
60,000 - 22,200 = 37,800
Mariemar P. Pretencio BSA-1B
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanan 105,000 - 61,000 = 44,000
Pescasiosa 200,000 - 30,500 = 169,500
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
JANNIEH RUTH T. DAGAMI BSA-1B
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanan 105,000 - 61,000 = 44,000
Pescasiosa 200,000 - 30,500 = 169,500
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
ABIGAELD. DACDAC BSA -1B
ReplyDeleteMULTIPLE CHOICE PG.4 - 50 -4 - 54
1.) D.
Matias,Capital 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanon, Capital 105,000 - 61,000 = 44,000
Pescasiosa, Capital 200,000 - 30,500 = 169,500
2.) Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3.) B.
Jerusalem, Capital 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora, Capital 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4.) C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets 2,265,118
5.) D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6.) A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7.) A.
Jerusalem, Capital 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora, Capital 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna, Capital 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8.) B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9.) D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10.) C.
11.) D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12.) C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13.) A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
aina mae mijares
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000–54,000 =78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
aina mae mijares
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000–54,000 =78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
1.) D
ReplyDeleteCash Other Liabilities Matias, Matias, Pagayanon, Pescasiosa
Assets Loan Capital Capital Capital
Bal. 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Saleof
NCA 247,500 (400,000) (61,000) (61,000) (30,500)
--------------------------------------------------------------------------------------------------------
347,500 ---------- 140,000 10,000 (16,000) 44,000 169,500
Payment of
Liabi (140,000) (140,000)
-------------------------------------------------------------------------------------------------------------------
207,500 ------------- 10,000 (16,000) 44,000 169,500
Right of
Offset (10,000) 10,000
-----------------------------------------------------------------------------------------------------------------
207,500 ------------ (6,000) 44,000 169,500
Add’l
Inv. 6,000 6,000
-------------------------------------------------------------------------------------------------------------------
213,500 ------------ 44,000 169,500
Distof
Cash(213,500) (44,000) (169,500)
-------------------------------------------------------------------------------------------------------------------
-------------- -----------------
2.) C
Cash Other Liabilities Gumban, Gumban, Daniag, Escriba
Assets Loan Capital Capital Capital
Bal 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Saleof
NCA 247,500 (400,000) (61,000) (61,000) (30,500)
-------------------------------------------------------------------------------------------------------------------
347, 500 ------------- 140,000 10,000 (16,000) 44,000 169,500
3.) B
Jerusalem, Capital Rebusora, Capital
Capital 641,976 728,352
AUA (20,500) (35,000)
Invty (5,000) (6,700)
Other Assets (2,000) (3,600)
------------------------------------------------------------
614,476 683,052
4.) C
Total Assets 2,337,918
AUA (55,000)
Invty (12,200)
Other Assets (5,600)
------------------
2,265,118
5. D
J, Capital 614,476
R, Capital 683,052
---------------
1,297,528 / 80% = 1,621,910 – 1,297,528 = 324,382
6.) A
648,764 648,764
- 614,476 - 683,052
------------------ ----------------
34,288 (34,288)
Noemi Trisha N. Diolola
-Nicudemus Carlou D. Capellan BSA 1B
ReplyDelete4-50 to 4-55
1. D
Matias 45000(61000)=(16000)+loan 10000=(6000) need to invest.
=====
2. C
Gumban 45000(61000)=(16000) loan(10000)=(6000) need to invest.
======
Danlag 105000(61000)=44000
======
Escriba 200000(30500)=169500
======
3. B
Jerusalem 641976(20000)(5500)(2000)=614476
======
Rebusora 728352(35000)(6700)(3600)=683052
======
4. C
Total assets 1297528+total liabilities 967590=2265118 total assets
=======
5. D
1297528/80%=324382
======
6. A
614476+34288=648764 40%, 683052(34288)=648764
===== ======
7. A
J 648764+130000(50000)=728764
======
R 648764+130000(65000)=713764
======
L 324382+65000(28000)=361382
======
8. B
Amurao 40000(21000)(1200) loss and absorption = 17800
=====
9. D
Tria 304000(172000)(54000) loss and absorption = 78000
=====
10. C
By book value, no gain or loss are realized.
11. B
Mactal 350000(300000) loss= 50000(30000) absorption = 20000
=====
12. C
Reyes 100000(200000) loss = (100000)+ loan 50000= (50000) investment to be made. ======
13. A
Garachico 1000(5400) share of loss =(4400)
=====
ALLYZON O. PADAON BSA 1B
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanan 105,000 - 61,000 = 44,000
Pescasiosa 200,000 - 30,500 = 169,500
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. B.
60,000 – 23,200 = 36,800 X 3/21 = 5,257
1. D.
ReplyDeleteMatias 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanan 105,000 - 61,000 = 44,000
Pescasiosa 200,000 - 30,500 = 169,500
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
MARK JAY L. TURLA BSA-1A
JANICA A. DE VEYRA BSA -1B
ReplyDeleteMULTIPLE CHOICE PG.4 - 50 -4 - 54
1.) D.
Matias,Capital 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanon, Capital 105,000 - 61,000 = 44,000
Pescasiosa, Capital 200,000 - 30,500 = 169,500
2.) Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3.) B.
Jerusalem, Capital 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora, Capital 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4.) C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets 2,265,118
5.) D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6.) A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7.) A.
Jerusalem, Capital 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora, Capital 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna, Capital 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8.) B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9.) D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10.) C.
11.) D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12.) C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13.) A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
Continuation :
ReplyDelete7.) A
1,621,910 * 40% = 648,764
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
---------------------------------------------------
728,764 713,764 361,382
8.) B
Total Capital 70,000 40,000 25,000 5,000
Cash (28,000) (21,000) (14,000) (7,000)
--------------- --------------------------------------------------
Loss on Real. 42,000 19,000 11,000 (2,000)
Absorp. (1,200) (800) 2,000
---------------------------------------------------
17,800 10,200 ------------
9.) B
10.) C
Lopez = 85,000
Mendez = 45,000
11.) B
Mactal, Capital Macadang, Capital Pangan, Capital
50,000 (15,000) (10,000) (25,000)
Absorption (15,000) (10,000) 25,000
--------------------------------------------------------------------------------------
(30,000) (20,000) -------------------
12.) C
Capital Deficiency (100,000)
Right of Offset 50,000
--------------
(50,000)
Add’l Investment 50,000
--------------
--------------
13.) B
60,000
(23,200)
--------------
36,800 * 3/21 = 5,257
Noemi Trisha N. Diolola
Shena D. Gerallana BSA-1B
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000–54,000 =78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
Locop, Jun Joshua O.
ReplyDelete1. D.
Matias 45,000 - 61,000 + 10,000 = ( 6,000)
Pagayanan 105,000 - 61,000 = 44,000
Pescasiosa 200,000 - 30,500 = 169,500
2. Gumban,Loan Gumban,Capital Danlag,Capital Escriba,Capital
10,000 (16,000) 44,000 169,500
3. B.
Jerusalem 641,976 - 20,000 - 5,500 - 2,000 = 614,476
Rebusora 728,352 - 35,000 – 6,700 – 3,600 = 683,052
4. C.
Cash 33,354
Accounts Receivable 802,426
Allowance for Uncollectible Accounts (55,000)
Inventories 367,937
Land 603,000
Building 428,267
Furniture and Fixtures 85,134
Total Assets P 2,265,118
5. D.
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 x 20% = 324,382
6. A.
324,382 / 20% = 1,621,910 x 40% = 648,714
648,714 – 614,476 = 34,288
648,714 – 683,052 = -34,288
7. A.
Jerusalem 325,000 x 40% = !30,000 + 648,764 – 50,000 = 728,764
Rebusora 325,000 x 40% = 130,000 + 648,764 – 65,000 = 713,764
Lazerna 325,000 x 20% = 28,000 + 324,382 – 28,000 = 361,382
8. B.
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200 0
9. D.
Tria 300,000 – 20,000 = 280,000 + 24,000 = 304,000 – 172,000 = 132,000 – 54,000 = 78,000
10. C.
11. D.
Mactal 350,000 – 300,000 = 50,000 – 90,000 = (40,000)
12. C.
Ong 420,000 – 300,000 = 120,000
Rodriguez 315,000 + 60,000 = 375,000 – 300,000 = 75,000
Pamittan 205,000 – 200,000 = 50,000
Reyes 100,000 + 50,000 = 150,000 - 200,000 = -50,000 + 50,000 = 0
13. A.
60,000 – 22,200 = 37,800 X 3/21 = 5,400
Labanes bsa- 1B
ReplyDelete1. D.
Cash NCA Liab. M, M. P P
Loan Cap Cap. Cap.
Bal. 100k 400k 140k 10k 45k 150k 200k
Sale of
NCA 247.5k 400,k (61,k)(61,k) (30.5k)
Bal. 347.5k 140k 10k (16k) 44k 169.5k
Payment
Of liab. (140k) (140k) - -
Bal. 207.5k 10k (16k) 44k 169.5k
ROF (10k) 10k --
Bal. 207.5k (6k) 44k 169.5k
Add.
Invest. 6k 6k -
Bal. 213.5k 44k 169.5k
Dist. (213.5k) (44k) (169.5k)
2. C.
3. B.
Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476
Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052
4. C.
*1,020,916+1,317,002= 2,337,918
- 55,000
2,282,918
- 12,200
2,270,718
- 5,600
2,265,118
5. D.
• AC CC
O 80% 1,297,528 1,297,528
N 20% 342,382 342,382
1,621,910 1,621,910
6. A.
* J. 648,764-614,476= 34,288
R. 648,764- 683,052= 34,288
7. A.
*J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764
R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764
L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382
8. B.
* Total Capital (40,000+25,000+5,000)= 70,000
Cash Avail. – 28,000
42,000
9. D.
* R. Cap. 100,000-60,000= 40,000+24,000=64,000
S.Cap. 80,000-40,000= 40,000+24,000=64,000
T.Cap. 300,000-20,000=280,000+24,000=304,000
10. C.
* L. Cap. 130,000x85,000/130,000= 85,000
M. Cap. 130,000x45,000/130,000= 45,000
11. D.
* Total Capital 950,000 M. Cap. M.Cap. P. Cap.
Liabilities + 50,000 350,000 250,000 350,000
Loss 1,000,000 (300,000) (200,000) (500,000)
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
(40,000) (10,000)
12. C.
ORPR Partnership
Statement Of Liquidation
Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap
P/L ratio 30% 30% 20% 20%
Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k
Sale of
NCA 800k (1,800m) (300k) (300k) (200k) (200k)
Bal. 900k 750k 60k 50k 120,k 15k 5k (100k)
Payment
Of liab. (750k) (750k) -
Bal. 150k 60K 50,k 120K 15,k 5k (100k)
ROF (50,k) 50k
Add. Inv. 50k (50k)
13. A.
* Total Cap 60,000
Avail. Cash (22,200)
37,800 X 3/21= 5,400
Gerly Jane M. Lendio BSA- 1B
ReplyDelete1. D.
Cash NCA Liab. M, M. P P
Loan Cap Cap. Cap.
Bal. 100k 400k 140k 10k 45k 150k 200k
Sale of
NCA 247.5k 400,k (61,k)(61,k) (30.5k)
Bal. 347.5k 140k 10k (16k) 44k 169.5k
Payment
Of liab. (140k) (140k) - -
Bal. 207.5k 10k (16k) 44k 169.5k
ROF (10k) 10k --
Bal. 207.5k (6k) 44k 169.5k
Add.
Invest. 6k 6k -
Bal. 213.5k 44k 169.5k
Dist. (213.5k) (44k) (169.5k)
2. C.
3. B.
Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476
Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052
4. C.
*1,020,916+1,317,002= 2,337,918
- 55,000
2,282,918
- 12,200
2,270,718
- 5,600
2,265,118
5. D.
• AC CC
O 80% 1,297,528 1,297,528
N 20% 342,382 342,382
1,621,910 1,621,910
6. A.
* J. 648,764-614,476= 34,288
R. 648,764- 683,052= 34,288
7. A.
*J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764
R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764
L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382
8. B.
* Total Capital (40,000+25,000+5,000)= 70,000
Cash Avail. – 28,000
42,000
9. D.
* R. Cap. 100,000-60,000= 40,000+24,000=64,000
S.Cap. 80,000-40,000= 40,000+24,000=64,000
T.Cap. 300,000-20,000=280,000+24,000=304,000
10. C.
* L. Cap. 130,000x85,000/130,000= 85,000
M. Cap. 130,000x45,000/130,000= 45,000
11. D.
* Total Capital 950,000 M. Cap. M.Cap. P. Cap.
Liabilities + 50,000 350,000 250,000 350,000
Loss 1,000,000 (300,000) (200,000) (500,000)
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
(40,000) (10,000)
12. C.
ORPR Partnership
Statement Of Liquidation
Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap
P/L ratio 30% 30% 20% 20%
Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k
Sale of
NCA 800k (1,800m) (300k) (300k) (200k) (200k)
Bal. 900k 750k 60k 50k 120,k 15k 5k (100k)
Payment
Of liab. (750k) (750k) -
Bal. 150k 60K 50,k 120K 15,k 5k (100k)
ROF (50,k) 50k
Add. Inv. 50k (50k)
13. A.
* Total Cap 60,000
Avail. Cash (22,200)
37,800 X 3/21= 5,400
Adonis, Demelyn T. BSA1-B
ReplyDelete1. D.
Cash NCA Liab. M, M. P P
Loan Cap Cap. Cap.
Bal. 100k 400k 140k 10k 45k 150k 200k
Sale of
NCA 247.5k 400,k (61,k)(61,k) (30.5k)
Bal. 347.5k 140k 10k (16k) 44k 169.5k
Payment
Of liab. (140k) (140k) - -
Bal. 207.5k 10k (16k) 44k 169.5k
ROF (10k) 10k --
Bal. 207.5k (6k) 44k 169.5k
Add.
Invest. 6k 6k -
Bal. 213.5k 44k 169.5k
Dist. (213.5k) (44k) (169.5k)
2. C.
3. B.
Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476
Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052
4. C.
*1,020,916+1,317,002= 2,337,918
- 55,000
2,282,918
- 12,200
2,270,718
- 5,600
2,265,118
5. D.
• AC CC
O 80% 1,297,528 1,297,528
N 20% 342,382 342,382
1,621,910 1,621,910
6. A.
* J. 648,764-614,476= 34,288
R. 648,764- 683,052= 34,288
7. A.
*J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764
R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764
L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382
8. B.
* Total Capital (40,000+25,000+5,000)= 70,000
Cash Avail. – 28,000
42,000
9. D.
* R. Cap. 100,000-60,000= 40,000+24,000=64,000
S.Cap. 80,000-40,000= 40,000+24,000=64,000
T.Cap. 300,000-20,000=280,000+24,000=304,000
10. C.
* L. Cap. 130,000x85,000/130,000= 85,000
M. Cap. 130,000x45,000/130,000= 45,000
11. D.
* Total Capital 950,000 M. Cap. M.Cap. P. Cap.
Liabilities + 50,000 350,000 250,000 350,000
Loss 1,000,000 (300,000) (200,000) (500,000)
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
(40,000) (10,000)
12. C.
ORPR Partnership
Statement Of Liquidation
Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap
P/L ratio 30% 30% 20% 20%
Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k
Sale of
NCA 800k (1,800m) (300k) (300k) (200k) (200k)
Bal. 900k 750k 60k 50k 120,k 15k 5k (100k)
Payment
Of liab. (750k) (750k) -
Bal. 150k 60K 50,k 120K 15,k 5k (100k)
ROF (50,k) 50k
Add. Inv. 50k (50k)
13. A.
* Total Cap 60,000
Avail. Cash (22,200)
37,800 X 3/21= 5,400
Canciller bsa-1b
ReplyDelete1. D.
Cash NCA Liab. M, M. P P
Loan Cap Cap. Cap.
Bal. 100k 400k 140k 10k 45k 150k 200k
Sale of
NCA 247.5k 400,k (61,k)(61,k) (30.5k)
Bal. 347.5k 140k 10k (16k) 44k 169.5k
Payment
Of liab. (140k) (140k) - -
Bal. 207.5k 10k (16k) 44k 169.5k
ROF (10k) 10k --
Bal. 207.5k (6k) 44k 169.5k
Add.
Invest. 6k 6k -
Bal. 213.5k 44k 169.5k
Dist. (213.5k) (44k) (169.5k)
2. C.
3. B.
Jerusalem, Capital 641,976-20,000-5,500-2,000= 614,476
Rebusora, Capital 728,352-35,000-6,700-3,600= 683,052
4. C.
*1,020,916+1,317,002= 2,337,918
- 55,000
2,282,918
- 12,200
2,270,718
- 5,600
2,265,118
5. D.
• AC CC
O 80% 1,297,528 1,297,528
N 20% 342,382 342,382
1,621,910 1,621,910
6. A.
* J. 648,764-614,476= 34,288
R. 648,764- 683,052= 34,288
7. A.
*J. 1,621,910X40%= 648,764+ 130,000- 50,000= 728,764
R. 1,621,910X40%= 648,764+ 130,000-65,000= 713,764
L. 1,621,910X20%= 324,382+ 65,000- 28,000= 361,382
8. B.
* Total Capital (40,000+25,000+5,000)= 70,000
Cash Avail. – 28,000
42,000
9. D.
* R. Cap. 100,000-60,000= 40,000+24,000=64,000
S.Cap. 80,000-40,000= 40,000+24,000=64,000
T.Cap. 300,000-20,000=280,000+24,000=304,000
10. C.
* L. Cap. 130,000x85,000/130,000= 85,000
M. Cap. 130,000x45,000/130,000= 45,000
11. D.
* Total Capital 950,000 M. Cap. M.Cap. P. Cap.
Liabilities + 50,000 350,000 250,000 350,000
Loss 1,000,000 (300,000) (200,000) (500,000)
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
(40,000) (10,000)
12. C.
ORPR Partnership
Statement Of Liquidation
Dec.31, 2015
Cash NCA Liab R.Loan R.Loan O. Cap R.Cap P. Cap R. Cap
P/L ratio 30% 30% 20% 20%
Bal. 100k 1,800m 750k 60k 50k 42k 315k 205k 100k
Sale of
NCA 800k (1,800m) (300k) (300k) (200k) (200k)
Bal. 900k 750k 60k 50k 120,k 15k 5k (100k)
Payment
Of liab. (750k) (750k) -
Bal. 150k 60K 50,k 120K 15,k 5k (100k)
ROF (50,k) 50k
Add. Inv. 50k (50k)
13. A.
* Total Cap 60,000
Avail. Cash (22,200)
37,800 X 3/21= 5,400
BANDILLA,PEACHY M. BSA 1A
ReplyDelete1)D
Matias Pagayanon Pescosiosa
55,000 105,000 200,000
(61,000) (61,000) (30,500)
----------------------------------------------------------
6,000 44,000 169,500
===============================
2. C.
Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
10,000 45,000 105,000 200,000
(61,000) (61,000) (30,500)
-------------------------------------------------------------------
10,000 (16,000) 44,000 169,500
==================================
3)B
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,0000 (3,600)
---------------------------------------
614,476 683,052
=====================
4) C
Jerusalem Rebusora
1,020,916 1,317,002
(20,000) (35,000)
( 5,500) ( 6,700)
( 2,000) ( 3,600)
-----------------------------------------------
993,416 + 1,271,702 = 2,265,118 - Total assets
=========
5) D
Jerusalem,capital 614,476
Rebusora,capital 683,052
----------------
Total 1,297,528
/ 80%
-----------------
1,621,910
x 20%
----------------
324,382 -total cash to be contributed.
========
6) A
1,621,910 x 40% = 648,764 648,764
- 614,476 - 683,052
---------------- --------------
34,288 (34,288)
======== ========
7) A
Jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
--------------------------------------------------------
728,764 713,764 361,382
============================
Page 1 of 2
BANDILLA, PEACHY M. BSA 1-A
ReplyDelete8) B
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
------------------------------------------------
19,000 11,000 (2000)
(1,200) ( 800) 2,000
--------------------------------- ======
17,800 10,200
================
17,800 - cash distribution to amurao
=====
9) D
Ramos Seechua Tria
40,000 40,000 280,000
24,000 24,000 24,000
------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
-------------------------------------------------
(108,000) (108,000) 132,000
108,000 (54,000) (54,000)
=======-----------------------------------
(162,000) 78,000
======
10 ) C
11) D
Mactal Macadang Pangan
350,000 250,000 350,000
(300,000) (200,000) (500,000)
-----------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
-----------------------------------------------------
(40,000)
=======
12) C
Ong Rodriguez Pamittan Reyes
420,000 375,000 205,000 150,000
(300,000) (300,000) (200,000) (200,000)
------------------------------------------------------------------------------
120,000 75,000 5,000 (50,000)
=======
13) A.
Garachico Dugan Pascua Cerda
1,000 25,000 25,000 9,000
(5,400) (7,200) (10,800) (37,800)
========
5,400 - Loss on Realization
======
Page 2 of 2
SALVATIERRA, AIGIE GRACE M. BSA 1-B
ReplyDelete1) D. Matias, 6,000
Matias Pagayanon Pescosiosa
55,000 105,000 200,000
(61,000) (61,000) (30,500)
----------------------------------------------------------
6,000 44,000 169,500
===============================
2. C. 10,000 (16,000) 44,000 169,500
Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
10,000 45,000 105,000 200,000
(61,000) (61,000) (30,500)
-------------------------------------------------------------------
10,000 (16,000) 44,000 169,500
==================================
3)B. 614,476 683,052
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,0000 (3,600)
---------------------------------------
614,476 683,052
=====================
4) C. 2,265,118
Jerusalem Rebusora
1,020,916 1,317,002
(20,000) (35,000)
( 5,500) ( 6,700)
( 2,000) ( 3,600)
-----------------------------------------------
993,416 + 1,271,702
= 2,265,118 - Total assets
=========
5) D. 324,382
Jerusalem,capital 614,476
Rebusora,capital 683,052
----------------
Total 1,297,528
/ 80%
-----------------
1,621,910
x 20%
----------------
324,382 -total cash to be contributed.
========
6) A. 34,288
1,621,910 x 40% = 648,764 648,764
- 614,476 - 683,052
---------------- --------------
34,288 (34,288)
======== ========
7) A. 728,764 713,764 361,382
Jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
--------------------------------------------------------
728,764 713,764 361,382
============================
8) B. 17,800
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
------------------------------------------------
19,000 11,000 (2000)
(1,200) ( 800) 2,000
--------------------------------- ======
17,800 10,200
================
17,800 - cash distribution to amurao
=====
Page 1 of 2
SALVATIERRA, AIGIE GRACE M. BSA 1-B
ReplyDelete9) D. 78,000
Ramos Seechua Tria
40,000 40,000 280,000
24,000 24,000 24,000
------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
-------------------------------------------------
(108,000) (108,000) 132,000
108,000 (54,000) (54,000)
=======-----------------------------------
(162,000) 78,000
======
10 ) C. 85,000 ; 45,000
11) D. 40,000
Mactal Macadang Pangan
350,000 250,000 350,000
(300,000) (200,000) (500,000)
-----------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
-----------------------------------------------------
(40,000)
=======
12) C. Reyes at 50,000
Ong Rodriguez Pamittan Reyes
420,000 375,000 205,000 150,000
(300,000) (300,000) (200,000) (200,000)
------------------------------------------------------------------------------
120,000 75,000 5,000 (50,000)
=======
13) A. 5,400
Garachico Dugan Pascua Cerda
1,000 25,000 25,000 9,000
(5,400) (7,200) (10,800) (37,800)
========
5,400 - Loss on Realization
======
Page 2 of 2
Relatorres, Camille Kessey, E.
ReplyDeleteMultiple Choice pp. 4-50 – 4-54
1. Cash NCA Liab. Matias, loan matias, cap. pagayanon, cap. pescasiosa, cap.
Balances 100000 400000 140000 10000 45000 105000 200000
Realization 247500 (400000) (61000) (61000) (61000)
Balances 347500 140000 10000 (16000) 44000 169500
Settlement (140000) (140000)
Balances 207500 10000 (16000) 44000 169500
Right of offset (10000) 10000
Balances 207500 (6000) 44000 169500
Add’l inv’t 6000 6000
Balances 213500 44000 169500
f. distribution
of cash (213500) (44000) (169500)
ans. D
2. 2. C. Cash NCA Liab. gumban, loan gumban, cap. danlag, cap. escriba, cap.
Balances 100000 400000 140000 10000 45000 105000 200000
Realization 247500 (400000) (61000) (61000) (61000)
Balances 347500 140000 10000 (16000) 44000 169500
Settlement (140000) (140000)
Balances 207500 10000 (16000) 44000 169500
3.B. Jerusalem (20000)+(5500)+(2000)=(27500)+641976=614476
Rebusora (35000)+(6700)+(36000)=(45300)+728352=683052
4.C. 1020916+1317002=2337918+(72800)=2265118
5. C. old 80% 1297528 1297528
New20% 324382 324382
1621910 1621910
6.A. 1621910x40%=648764
Jerusalem 614476-648764=(34288)
Rebusora 683052-648764=34288
7.A. Jerusalem 648764+(50000)+130000=728764
Rebusora 648764+(65000)+130000=717764
Lazerna 324382+(28000)+65000=361382
8. B. total capital 70000+(28000)=42000> loss on realization
42000*3/6=21000
42000*2/6=14000
42000*1/6=7000
Amurao 40000+(21000)=19000+(1200)=17800
Estoque 25000+(14000)=11000+(800)=10200
Zulueta 5000+(7000)=(2000)+2000=0
9. D. Ramos Seechua Tria Total
Capital 100,000 80,000 300,000 480,000
Drawing (60,000) (40,000) (20,000) (120,000)
Balances 40,000 40,000 280,000 360,000
Profit 24,000 24,000 24,000 72,000
Balances 64,000 64,000 304,000 432,000
Assets (172,000) (172,000) (172,000) (516,000)
Liabilities (108,000) (108,000) 132,000 84,000
Absorption 108,000 (54,000) (54,000) 0
Balances 0 (54,000) 78,000 0
10.C.
11. B
12.C. capital deficiency (100000)
Right of offset 50000
(50000)
Add’l investment 50000
13. 5 429
Garachico,Capital Dugan,Capital Pascua,Capital Cerda,Capital
60000 1 000 25 000 25 000 9 000
38000 (5 429) (7 238) (10 857) (14 476)
22 000 (4 429) 17 762 14 143 (5 476)
Camarines, Sheryl T.
ReplyDeleteBSA 1A
part 1...
1. D. Matias, P 6 000
Matias, Capital Pagayanon, Capital Percasiosa, Capital
Bal. before 45 000 105 000 200 000
Realization
Loss on (61 000) (61 000) (30 500)
Realization
Bal (16 000) 44 000 169 500
Right of Offset 10 000
----------------------------------------------------------------------------
(6 000)
2. C. Gumban, Capital = 6 000 Danlag, Capital = 44 000 Esacariba, Capital = 169 500
Gumban, Loan Gumba, Cap Danlag, Cap Escariba, Cap
Bal 10 000 45 000 105 000 200 000
Loss on
Realization (61 000) (61 000) (30 500)
Bal 10 000 (16 000) 44 000 169 500
Right of
Offset (10 000) 10 000
----------------------------------------------------------
Bal 6 000 44 000 169 500
=================================
3. B. Jerusalem's, P 614 476; Rebusora's, P 683 052
Jerusalem Rebusora
641 976 728 352
(20 000) (35 000)
(5 500) (6 700)
(2 000) (3 600)
--------------- ----------------
614 476 683 052
=========== =========
4. C. P 2 265 118
614 476 + 683 052 + 178 940 + 200 000 + 243 650 + 345 000 = 2 265 118
=========
5..D. 324 382
614 476 + 683 052 = 1 297 528 / 80% = 1 621 910 * 20% = 324 382
========
6. A. P 34 288
(683 052 - 614 476) / 2 = 34 288
======
7. A. Jerusalem P 728 764; rebusora, P 713 764; Lazerna, P 361 382
Jerusalem Rebusora Lazerna
Bal 648 764 648 764 324 382
Share of
Profit 130 000 130 000 65 000
Drawing (50 000) (65 000) (28 000)
-----------------------------------------------------
728 764 713 764 361 382
==============================
TUMAMAK, CRYSTAL M.
ReplyDelete1. D.
Cash NCA Liabilities Matias, Matias, Pagayanon, Pescasiosa,
Loan Capital Capital Capital
P/L 40% 40% 20%
Balances 100 000 400 000 140 000 10 000 45 000 105 000 200 000
Realization 247 500 (400 000) (61 000) (61 000) ( 30 500)
_______=======____________________________________________
Balances 347 500 140 000 10 000 (16 000) 44 000 169 500
Payment
of Liab (140 000) (140 000)
_________ ========_____________________________________
Balance 207 500 10 000 (16 000) 44 000 169 500
R of O (10 000) 10 000
________ =======______________________________
Balances 207 500 (6 000)
======
2. C.
Cash NCA Liability Gumban, Gumban, Danloy, Escriba,
Loan Cap Cap Cap
P/L 40% 40% 20%
Balance 100 000 400 000 140 000 10 000 45 000 105 000 200 000
Realization 247 500 (400 000) (61 000) (61 000) (30 500)
_______========___________________________________________
Balance 347 500 140 000 10 000 (16 000) 44 000 169 500
Payment
of Liab (140 000) (140 000)
_________ =======____________________________________
Balnces 207 500 10 000 (16 000) 44 000 169 500
===============================
3. B.
Jerusalem, Cap Rebusora, Cap
Cap. balances 641 976 728 352
Add/ deduct
1. AUA (20 000) ( 35 000)
2. Inventory ( 5 500) ( 6 700)
3. Other assets ( 2 000) ( 3 600)
----------------------------------------
Adjusted cap. bal 614 476 683 052
=====================
4. C
assets= liabilities+ partner's capital
= 178 940+ 243 650+ 200 000+ 354 000+ 614 476+ 683 052
= 2 265 118
========
5. D.
AC CC
Old 1 297 528 1 297 528
New 324 382 324 382
==================
6. A.
AC CC Cash settlement
Jerusalem(40%) 648 764 614 476 34 288
Rebusora(40%) 648 764 683 052 34 288
Lazerna(20%) 324 382 324 382 0
7. A.
J, Capital R, Capital L, Capital
Beginning Cap. 648 764 648 764 324 382
Add: Profit 130 000 130 000 65 000
Less: drawings (50 000) (65 000) (28 000)
---------------------------------------------------
Ending Cap 728 764 713 764 361 382
==========================
ARTECHE, RACHELLE V. BSA 1-B
ReplyDelete1)D
Matias Pagayanon Pescosiosa
55,000 105,000 200,000
(61,000) (61,000) (30,500)
----------------------------------------------------------
6,000 44,000 169,500
===============================
2. C.
Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
10,000 45,000 105,000 200,000
(61,000) (61,000) (30,500)
-------------------------------------------------------------------
10,000 (16,000) 44,000 169,500
==================================
3)B
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,0000 (3,600)
---------------------------------------
614,476 683,052
=====================
4) C
Jerusalem Rebusora
1,020,916 1,317,002
(20,000) (35,000)
( 5,500) ( 6,700)
( 2,000) ( 3,600)
-----------------------------------------------
993,416 + 1,271,702 = 2,265,118 - Total assets
=========
5) D
Jerusalem,capital 614,476
Rebusora,capital 683,052
----------------
Total 1,297,528
/ 80%
-----------------
1,621,910
x 20%
----------------
324,382 -total cash to be contributed.
========
6) A
1,621,910 x 40% = 648,764 648,764
- 614,476 - 683,052
---------------- --------------
34,288 (34,288)
======== ========
PAGE 1 of 2
ARTECHE, RACHELLE V.
ReplyDelete7) A
Jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
--------------------------------------------------------
728,764 713,764 361,382
============================
8) B
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
------------------------------------------------
19,000 11,000 (2000)
(1,200) ( 800) 2,000
--------------------------------- ======
17,800 10,200
================
17,800 - cash distribution to amurao
=====
9) D
Ramos Seechua Tria
40,000 40,000 280,000
24,000 24,000 24,000
------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
-------------------------------------------------
(108,000) (108,000) 132,000
108,000 (54,000) (54,000)
=======-----------------------------------
(162,000) 78,000
======
10 ) C
11) D
Mactal Macadang Pangan
350,000 250,000 350,000
(300,000) (200,000) (500,000)
-----------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
-----------------------------------------------------
(40,000)
=======
12) C
Ong Rodriguez Pamittan Reyes
420,000 375,000 205,000 150,000
(300,000) (300,000) (200,000) (200,000)
------------------------------------------------------------------------------
120,000 75,000 5,000 (50,000)
=======
13) A.
Garachico Dugan Pascua Cerda
1,000 25,000 25,000 9,000
(5,400) (7,200) (10,800) (37,800)
========
5,400 - Loss on Realization
======
PAGE 2 of 2
Prisno,Iris BSA 1A
ReplyDelete1. Cash NCA Liab. Matias, loan matias, cap. pagayanon, cap. pescasiosa, cap.
Balances 100000 400000 140000 10000 45000 105000 200000
Realization 247500 (400000) (61000) (61000) (61000)
Balances 347500 140000 10000 (16000) 44000 169500
Settlement (140000) (140000)
Balances 207500 10000 (16000) 44000 169500
Right of offset (10000) 10000
Balances 207500 (6000) 44000 169500
Add’l inv’t 6000 6000
Balances 213500 44000 169500
f. distribution
of cash (213500) (44000) (169500)
ans. D
2. 2. C. Cash NCA Liab. gumban, loan gumban, cap. danlag, cap. escriba, cap.
Balances 100000 400000 140000 10000 45000 105000 200000
Realization 247500 (400000) (61000) (61000) (61000)
Balances 347500 140000 10000 (16000) 44000 169500
Settlement (140000) (140000)
Balances 207500 10000 (16000) 44000 169500
3.B. Jerusalem (20000)+(5500)+(2000)=(27500)+641976=614476
Rebusora (35000)+(6700)+(36000)=(45300)+728352=683052
4.C. 1020916+1317002=2337918+(72800)=2265118
5. C. old 80% 1297528 1297528
New20% 324382 324382
1621910 1621910
6.A. 1621910x40%=648764
Jerusalem 614476-648764=(34288)
Rebusora 683052-648764=34288
1. Cash NCA Liabilities Matias, Matias, Pagayanon, Pescasiosa,
ReplyDeleteLoan Capital Capital Capital
P/L 40% 40% 20%
Balances 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realiza- 247,500 (400,000) (61,000) (61,000) (30,500)
tion _______========____________________________________________
Balances 347,500 140,000 10,000 (16,000) 44,000 169,500
Payment
of Liab (140,000) (140,000)
_______ ========_____________________________________
Balances 207,500 10,000 (16,000) 44,000 169,500
Right of
Offset (10,000) 10,000
_________ =======____________________________
Balances 207,500 (6000) 44,000 169,500
Additional
Investment 6,000 6,000
====== ---- D.
2. Cash NCA Liabilities Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
P/L 40% 40% 20%
Balances 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realiza-
tion 152,500 (400,000) (61,000) (61,000) (30,500)
_______========____________________________________________
Balances 252,500 140,000 10,000 (16,000) 44,000 169,500
Ans: C
3. Jerusalem,Capital Rebusora,Capital
Capital Balances 641,976 728,352
AUA (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
____________________________________
Balances 614,476 683,052
================================== --- B.
4. Assets= 178,940+243,650+200,000+345,000+614,476+683,052
= 2,265,118 ----- Ans: C.
5. Agreed Capital Contributed Capital
Old (80%) 1,297,528 1,297,528
New (20%) 324,382 324,382
______________________________________
Total 1,621,910 1,621,910 --- D.
6. Agreed Capital Contributed Capital Cash Settlement
Jerusalem (40%) 648,764 614,476 34,228
Rebusora (40%) 648,764 683,052 34,228
Lazerna (20%) 324,382 324,382 0
Ans: A.
7. Jerusalem,Capital Rebusora,Capital Lazerna,Capital
ReplyDeleteBeg. Balances 648,764 648,764 324,382
Add:Profit 130,000 130,000 65,000
Less:Drawings (50,000) (65,000) (28,000)
___________________________________________________
Ending Balances 728,764 713,764 361,382
=================================================
Ans: A.
8. Cash Amurao,Capital Estoque,Capital Zulueta,Capital
Balances 40,000 25,000 5,000
Loss on Realization (21,000) (14,000) (7,000)
_________________________________________
Balances 19,000 11,000 (2,000)
Absorption (1,200)
Remaining Cash 28,000 ____________
17,800
Ans:B.
9. Ramos Seechua Tria Total
Capital 100,000 80,000 300,000 480,000
Drawing (60,000) (40,000) (20,000) (120,000)
_________________________________________________
Balances 40,000 40,000 280,000 360,000
Profit 24,000 24,000 24,000 72,000
_________________________________________________
Balances 64,000 64,000 304,000 432,000
Assets (172,000) (172,000) (172,000) (516,000)
_________________________________________________
Liabilities (108,000) (108,000) 132,000 84,000
Absorption 108,000 (54,000) (54,000) 0
__________________________________________________
Balances 0 (54,000) 78,000 0
=======
Ans: D.
10. C.
11. Liab Mactal,Capital Macadang, Capital Pangan, Capital
50 000 (15 000) (10 000) (25 000)
Ans: A.
12. Cash NCA Liab Rodriguez, Reyes, Ong, Rodriguez, Pamittan, Reyes,
Loan Loan Cap. Cap. Cap. Cap.
Bal. 100000 1800000 750000 60000 50000 420000 315000 205000 100000
Real-
iza-
tion 800000 (1800000) (300000) (300000) (200000) (200000)
______=========________________________________________________
Bal. 900000 750000 60000 50000 120000 15000 5000 (100000)
Pay-
ment
of
Liab (750000) (750000)
________ ======= _________________________________________
Bal. 150000 60000 50000 120000 15000 5000 (100000)
Right
of Off-
set (50000) 50000
_________ ______=======____________________________
Bal. 150000 60000 120000 15000 5000 (50000)
Ans: C.
13. Loss on Realization= 60,000-22,200x3/21
= 5,400 --- Ans: A.
BASILAN, ANGIELYN I. BSA 1-B
ReplyDelete1)D
Matias Pagayanon Pescosiosa
55,000 105,000 200,000
(61,000) (61,000) (30,500)
----------------------------------------------------------
6,000 44,000 169,500
===============================
2. C.
Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
10,000 45,000 105,000 200,000
(61,000) (61,000) (30,500)
-------------------------------------------------------------------
10,000 (16,000) 44,000 169,500
==================================
3)B
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,0000 (3,600)
---------------------------------------
614,476 683,052
=====================
4) C
Jerusalem Rebusora
1,020,916 1,317,002
(20,000) (35,000)
( 5,500) ( 6,700)
( 2,000) ( 3,600)
-----------------------------------------------
993,416 + 1,271,702 = 2,265,118 - Total assets
=========
5) D
Jerusalem,capital 614,476
Rebusora,capital 683,052
----------------
Total 1,297,528
/ 80%
-----------------
1,621,910
x 20%
----------------
324,382 -total cash to be contributed.
========
6) A
1,621,910 x 40% = 648,764 648,764
- 614,476 - 683,052
---------------- --------------
34,288 (34,288)
======== ========
PAGE 1 OF 2
BASILAN, ANGIELYN I. BSA 1-B
ReplyDelete7) A
Jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
--------------------------------------------------------
728,764 713,764 361,382
============================
8) B
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
------------------------------------------------
19,000 11,000 (2000)
(1,200) ( 800) 2,000
--------------------------------- ======
17,800 10,200
================
17,800 - cash distribution to amurao
=====
9) D
Ramos Seechua Tria
40,000 40,000 280,000
24,000 24,000 24,000
------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
-------------------------------------------------
(108,000) (108,000) 132,000
108,000 (54,000) (54,000)
=======-----------------------------------
(162,000) 78,000
======
10 ) C
11) D
Mactal Macadang Pangan
350,000 250,000 350,000
(300,000) (200,000) (500,000)
-----------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
-----------------------------------------------------
(40,000)
=======
12) C
Ong Rodriguez Pamittan Reyes
420,000 375,000 205,000 150,000
(300,000) (300,000) (200,000) (200,000)
------------------------------------------------------------------------------
120,000 75,000 5,000 (50,000)
=======
13) A.
Garachico Dugan Pascua Cerda
1,000 25,000 25,000 9,000
(5,400) (7,200) (10,800) (37,800)
========
5,400 - Loss on Realization
======
PAGE 2 OF 2
Renz P. Morta BSA- 1A
ReplyDeleteANSWERS:
1) C
Solution: Cash Non- Cash Assets Liability Matias, Loan Matias, Capital Pagayanon, Capital Pescasiosa, Capital
Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000
Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500)
________ ======== _________ ________ _________ ___________ ___________
Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500
Payment of
Liability (140,000) (140,000)
_________ ========== ________ __________ _________ ___________
Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500
Investment
of Matias 16,000 16,000
_________ _________ ======== _________ __________
Balances P 223,500 P 10,000 P 44,000 P 169,500
(10,000) (10,000)
_________ ========= __________ _________
Balances P213,500 P 44,000 P 169,500
Distribution
of remaining
Cash to
Partners (P 213,500) (44,000) 169,500
========= ========= ========
2) C
Solution:
Cash Non- Cash Assets Liability Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital
Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000
Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500)
________ ======== _________ ________ _________ ___________ ___________
Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500
Payment of
Liability (140,000) (140,000)
_________ ========== ________ __________ _________ ___________
Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500
Investment
of Matias 16,000 16,000
_________ _________ ======== _________ __________
Balances P 223,500 P 10,000 P 44,000 P 169,500
(10,000) (10,000)
_________ ========= __________ _________
Balances P213,500 P 44,000 P 169,500
Distribution
of remaining
Cash to
Partners (P 213,500) (44,000) 169,500
========= ========= ========
Camarines, Sheryl T.
ReplyDeleteBSA 1A
part 2...
8. B. P 17 800
40 000 - 21 000 - 1 200 = 17 800
=======
9. D. P 78 000
Ramos Seechua Tria
100 000 80 000 300 000
(60 000) (40 000) (20 000)
--------------------------------------------------
40 000 40 000 280 000
24 000 24 000 24 000
--------------------------------------------------
64 000 64 000 304 000
(172 000) (172 000) (172 000)
----------------------------------------------------
(108 000) (108 000) 132 000
108 000 (54 000) (54 000)
=======------------------------------------------
162 000 78 000
======
10. C. Lopez to receive P 85 000 and Mendez to receive P 45 000
11. D. P 40 000
Mactal Macadang Pangan
350 000 250 000 350 000
(300 000) (200 000) (500 000)
------------------------------------------------------------
50 000 50 000 (150 000)
(90 000) (60 000) 150 000
---------------------------------------------=========
(40 000) (10 000)
112. C. Reyes at P 50 000
30% 30% 20% 20%
420 000 315 000 205 000 100 000
(300 000) (300 000) (200 000) (200 000)
---------------------------------------------------------------------
120 000 15 000 5 000 (100 000)
50 000
---------------------------------------------------------------------
120 000 15 000 5 000 (50 000)
13. D. 4 972
1 000 + 25 000+ 25 000 + 9 000 - 3000 - 22 200 = 35 000 * 3/21 = 4 972
=====
Renz P. Morta BSA- 1A
ReplyDeleteANSWERS:
1) C
Solution: Cash Non- Cash Assets Liability Matias, Loan Matias, Capital Pagayanon, Capital Pescasiosa, Capital
Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000
Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500)
________ ======== _________ ________ _________ ___________ ___________
Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500
Payment of
Liability (140,000) (140,000)
_________ ========== ________ __________ _________ ___________
Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500
Investment
of Matias 16,000 16,000
_________ _________ ======== _________ __________
Balances P 223,500 P 10,000 P 44,000 P 169,500
(10,000) (10,000)
_________ ========= __________ _________
Balances P213,500 P 44,000 P 169,500
Distribution
of remaining
Cash to
Partners (P 213,500) (44,000) 169,500
========= ========= ========
2) C
Solution:
Cash Non- Cash Assets Liability Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital
Capital balances P 100,000 P 400,000 P 140,000 P 10,000 P 40,000 P 105,000 P 200,000
Sale of NCA 247,500 (400,000) (61,000) (61,000) ( 30,500)
________ ======== _________ ________ _________ ___________ ___________
Balances P 347,500 P 140,000 P 10,000 (P 16,000) P 44,000 P 169,500
Payment of
Liability (140,000) (140,000)
_________ ========== ________ __________ _________ ___________
Balances P 207,500 P 10,000 (P 16,000) P 44,000 P 169,500
Investment
of Matias 16,000 16,000
_________ _________ ======== _________ __________
Balances P 223,500 P 10,000 P 44,000 P 169,500
(10,000) (10,000)
_________ ========= __________ _________
Balances P213,500 P 44,000 P 169,500
Distribution
of remaining
Cash to
Partners (P 213,500) (44,000) 169,500
========= ========= ========
CESORA, MARY MAE BSA 1-B
ReplyDelete1)D
Matias Pagayanon Pescosiosa
55,000 105,000 200,000
(61,000) (61,000) (30,500)
----------------------------------------------------------
6,000 44,000 169,500
===============================
2. C.
Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
10,000 45,000 105,000 200,000
(61,000) (61,000) (30,500)
-------------------------------------------------------------------
10,000 (16,000) 44,000 169,500
==================================
3)B
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,0000 (3,600)
---------------------------------------
614,476 683,052
=====================
4) C
Jerusalem Rebusora
1,020,916 1,317,002
(20,000) (35,000)
( 5,500) ( 6,700)
( 2,000) ( 3,600)
-----------------------------------------------
993,416 + 1,271,702 = 2,265,118 - Total assets
=========
5) D
Jerusalem,capital 614,476
Rebusora,capital 683,052
----------------
Total 1,297,528
/ 80%
-----------------
1,621,910
x 20%
----------------
324,382 -total cash to be contributed.
========
Page 1 of 2
RENZ P. MORTA BSAS - 1A (CONTINUATION)
ReplyDelete3) B
Jerusalem, Capital Rebusora, Capital
Unadjusted capital balance 641,976 728,352
Allow. For Uncollectible Accts (20,000) (35,000)
Inventory (5,500) (6,700)
Adjusted capital balance (2,000) (3,600)
__________ ________
614,476 683,052
======== ========
4) C
OE + L = A
Jerusalem, Capital 614,476 A/P 422,590
Rebusora, Capital 683,052 N/P 545,000
__________ ___________
1,297,528 967,590 = 2,265,118
========= ======== ========
5) D
AC CC bonus/goodwill
Old 1,297,528 1,297,528 0
New 342,382 342,382 0
__________________________________
Total 1,621,910 1,621,910 0
==================================
6) A
Jerusalem, Capital Rebusora, Capital
Agreed Capital 1,621,910 1,621,910
40% 40%
______________ _______________
648,764 648,764
Less: capital balances 614,476 683,052
______________ _______________
(34,288) (34,288)
============= ============
7) A
Jerusalem, Capital Rebusora, Capital Lazerna, Capital
Capital balances 614,476 683,052 324,382
Cash settlement (34,288) (34,288)
Profit 130,000 130,000 65,000
Drawings (50,000) (65,000) (28,000)
_____________ _____________ __________
Capital Balance
for the first year 728,764 713,764 361,382
========== =========== ==========
8) B
Amuraw, Capital Estoque, Capital Lazerna, Capital
40,000 25,000 5,000
(21,000) (14,000) (7,000)
_______ _______ _______
19,000 11,000 (2,000)
(1,200) (200) 2,000
_______ ______ ======
17,800 10,800
====== ======
*total capital 70,000
Less: Remainingcash 28,000
_______
Loss on realization 42,000
======
RENZ P. MORTA BSAS - 1A (CONTINUATION)
ReplyDelete3) B
Jerusalem, Capital Rebusora, Capital
Unadjusted capital balance 641,976 728,352
Allow. For Uncollectible Accts (20,000) (35,000)
Inventory (5,500) (6,700)
Adjusted capital balance (2,000) (3,600)
__________ ________
614,476 683,052
======== ========
4) C
OE + L = A
Jerusalem, Capital 614,476 A/P 422,590
Rebusora, Capital 683,052 N/P 545,000
__________ ___________
1,297,528 967,590 = 2,265,118
========= ======== ========
5) D
AC CC bonus/goodwill
Old 1,297,528 1,297,528 0
New 342,382 342,382 0
__________________________________
Total 1,621,910 1,621,910 0
==================================
6) A
Jerusalem, Capital Rebusora, Capital
Agreed Capital 1,621,910 1,621,910
40% 40%
______________ _______________
648,764 648,764
Less: capital balances 614,476 683,052
______________ _______________
(34,288) (34,288)
============= ============
7) A
Jerusalem, Capital Rebusora, Capital Lazerna, Capital
Capital balances 614,476 683,052 324,382
Cash settlement (34,288) (34,288)
Profit 130,000 130,000 65,000
Drawings (50,000) (65,000) (28,000)
_____________ _____________ __________
Capital Balance
for the first year 728,764 713,764 361,382
========== =========== ==========
8) B
Amuraw, Capital Estoque, Capital Lazerna, Capital
40,000 25,000 5,000
(21,000) (14,000) (7,000)
_______ _______ _______
19,000 11,000 (2,000)
(1,200) (200) 2,000
_______ ______ ======
17,800 10,800
====== ======
*total capital 70,000
Less: Remainingcash 28,000
_______
Loss on realization 42,000
======
CESORA, MARY MAE BSA 1-B
ReplyDelete6) A
1,621,910 x 40% = 648,764 648,764
- 614,476 - 683,052
---------------- --------------
34,288 (34,288)
======== ========
7) A
Jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
--------------------------------------------------------
728,764 713,764 361,382
============================
8) B
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7,000)
------------------------------------------------
19,000 11,000 (2000)
(1,200) ( 800) 2,000
--------------------------------- ======
17,800 10,200
================
17,800 - cash distribution to amurao
=====
9) D
Ramos Seechua Tria
40,000 40,000 280,000
24,000 24,000 24,000
------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
-------------------------------------------------
(108,000) (108,000) 132,000
108,000 (54,000) (54,000)
=======-----------------------------------
(162,000) 78,000
======
10 ) C
11) D
Mactal Macadang Pangan
350,000 250,000 350,000
(300,000) (200,000) (500,000)
-----------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
-----------------------------------------------------
(40,000)
=======
12) C
Ong Rodriguez Pamittan Reyes
420,000 375,000 205,000 150,000
(300,000) (300,000) (200,000) (200,000)
------------------------------------------------------------------------------
120,000 75,000 5,000 (50,000)
=======
13) A.
Garachico Dugan Pascua Cerda
1,000 25,000 25,000 9,000
(5,400) (7,200) (10,800) (37,800)
========
5,400 - Loss on Realization
======
page 2 of 2
Prisno, Iris BSA 1A
ReplyDelete7.A. Jerusalem 648764+(50000)+130000=728764
Rebusora 648764+(65000)+130000=717764
Lazerna 324382+(28000)+65000=361382
8. B. total capital 70000+(28000)=42000> loss on realization
42000*3/6=21000
42000*2/6=14000
42000*1/6=7000
Amurao 40000+(21000)=19000+(1200)=17800
Estoque 25000+(14000)=11000+(800)=10200
Zulueta 5000+(7000)=(2000)+2000=0
9. D. Ramos Seechua Tria Total
Capital 100,000 80,000 300,000 480,000
Drawing (60,000) (40,000) (20,000) (120,000)
Balances 40,000 40,000 280,000 360,000
Profit 24,000 24,000 24,000 72,000
Balances 64,000 64,000 304,000 432,000
Assets (172,000) (172,000) (172,000) (516,000)
Liabilities (108,000) (108,000) 132,000 84,000
Absorption 108,000 (54,000) (54,000) 0
Balances 0 (54,000) 78,000 0
10.C.
11. B
12.C. capital deficiency (100000)
Right of offset 50000
(50000)
Add’l investment 50000
13. A
Garachico,Capital Dugan,Capital Pascua,Capital Cerda,Capital
60000 1 000 25 000 25 000 9 000
37800 (5 400) (7 200) (10 800) (14 400)
22 200 (4 400) 17 800 14 200 (5 400)
BUSA, AARON NOEL BSA-1A
ReplyDelete1. Cash NCA Liabilities Matias, Matias, Pagayanon, Pescasiosa,
Loan Capital Capital Capital
P/L 40% 40% 20%
Balances 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realiza- 247,500 (400,000) (61,000) (61,000) (30,500)
tion _______========____________________________________________
Balances 347,500 140,000 10,000 (16,000) 44,000 169,500
Payment
of Liab (140,000) (140,000)
_______ ========_____________________________________
Balances 207,500 10,000 (16,000) 44,000 169,500
Right of
Offset by
Matias (10,000) 10,000
_________ =======____________________________
Balances 207,500 (6000) 44,000 169,500
Additional
Investment 6,000 6,000
======
Ans: D
2. Cash NCA Liabilities Gumban, Gumban, Danlag, Escriba,
Loan Capital Capital Capital
P/L 40% 40% 20%
Balances 100,000 400,000 140,000 10,000 45,000 105,000 200,000
Realiza-
tion 152,500 (400,000) (61,000) (61,000) (30,500)
_______========____________________________________________
Balances 252,500 140,000 10,000 (16,000) 44,000 169,500
Ans: C
3. Jerusalem,Capital Rebusora,Capital
Capital Balances 641,976 728,352
AUA (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
____________________________________
Balances 614,476 683,052
==================================
Ans: B.
4. Assets=Liabilities+Capital
= 178,940+243,650+200,000+345,000+614,476+683,052
Assets= 2,265,118 ----- Ans: C.
5. Agreed Capital Contributed Capital
Old (80%) 1,297,528 1,297,528
New (20%) 324,382 324,382
______________________________________
Total 1,621,910 1,621,910
Ans: D.
6. Agreed Capital Contributed Capital Cash Settlement
Jerusalem (40%) 648,764 614,476 34,228
Rebusora (40%) 648,764 683,052 34,228
Lazerna (20%) 324,382 324,382 0
Ans: A.
BUSA, AARON NOEL BSA-1A
ReplyDelete7. Jerusalem,Capital Rebusora,Capital Lazerna,Capital
Beg. Balances 648,764 648,764 324,382
Add:Profit 130,000 130,000 65,000
Less:Drawings (50,000) (65,000) (28,000)
___________________________________________________
Ending Balances 728,764 713,764 361,382
=================================================
Ans: A.
8. Cash Amurao,Capital Estoque,Capital Zulueta,Capital
Balances 40,000 25,000 5,000
Loss on Realization (21,000) (14,000) (7,000)
_________________________________________
Balances 19,000 11,000 (2,000)
Absorption (1,200)
Remaining Cash 28,000 ____________
17,800
Ans:B.
9. Ramos Seechua Tria Total
Capital 100,000 80,000 300,000 480,000
Drawing (60,000) (40,000) (20,000) (120,000)
_________________________________________________
Balances 40,000 40,000 280,000 360,000
Profit 24,000 24,000 24,000 72,000
_________________________________________________
Balances 64,000 64,000 304,000 432,000
Assets (172,000) (172,000) (172,000) (516,000)
_________________________________________________
Liabilities (108,000) (108,000) 132,000 84,000
Absorption 108,000 (54,000) (54,000) 0
__________________________________________________
Balances 0 (54,000) 78,000 0
=======
Ans: D.
10. C.
11. Liab Mactal,Capital Macadang, Capital Pangan, Capital
50 000 (15 000) (10 000) (25 000)
Ans: A.
12. Cash NCA Liab Rodriguez, Reyes, Ong, Rodriguez, Pamittan, Reyes,
Loan Loan Cap. Cap. Cap. Cap.
Bal. 100000 1800000 750000 60000 50000 420000 315000 205000 100000
Real-
iza-
tion 800000 (1800000) (300000) (300000) (200000) (200000)
______=========________________________________________________
Bal. 900000 750000 60000 50000 120000 15000 5000 (100000)
Pay-
ment
of
Liab (750000) (750000)
________ ======= _________________________________________
Bal. 150000 60000 50000 120000 15000 5000 (100000)
Right
of Off-
set (50000) 50000
_________ ______=======____________________________
Bal. 150000 60000 120000 15000 5000 (50000)
Ans: C.
13. Loss on Realization= 60,000-22,200x3/21
= 5,400 --- Ans: A.
FLORENDO, ALDWIN Q. BSA-1A
ReplyDelete1. D
Matias,Capital Pagayanon,Capital Pescasiosa,Capital
55 000 105 000 200,000
(61 000) (61 000) (30,500)
----------------- ----------------- ------------------
(6 000) 44 000 169 500
2.
Gumban, Loan Gumban, Capital Danlag,Capital Escriba,Capital
10 000 45 000 105 000 200 000
(61 000) (61 000) ( 30 500)
----------------- ------------------- ---------------- --------------
10 000 (16 000) 44 000 169 500
========== =========== ======== =========
3. B
Jerusalem, Capital Rebusora,Capital
641 976 728 352
(20 000 ) (35 000)
(5 500 ) (6 700)
(2 000) ( 3 600)
------------ -------------
614 476 683 052
======= =======
4. C
Jerusalem, Capital Rebusora,Capital
1 020 916 1 317 002
(20 000 ) (35 000)
(5 500 ) (6 700)
(2 000) ( 3 600)
----------------- --------------
993 416 + 1 217 702 = 2 265 118
=========
5. D
1 297 528 ( 80 %)
1 621 910 ( 100 %)
---------------
324 382 (20%)
=======
6. A
1 297 528 / 2 = 648,764
Jerusalem, Capital Rebusora,Capital
614 476 683,052
(648 764) (648 764)
-------------- ---------------
(34 288) 34 288
======= ======
7. A
Jerusalem, Capital Rebusora,Capital Lazerna,Capital
648,764 648,764 324 382
130 000 130 000 65 000
(50 000) (65 000) (28 000)
-------------- ---------------- -------------
728 764 713 764 361 382
======== ======== ========
8. B
40,000 25,000 5,000
(21,000) (14,000) (7,000)
------------ ------------ -----------
19 000 11 000 (2 000)
(1,200) (800) 2,000
------------- ----------- =====
17,800 10 200
9. C
10. C
*Partners will receive the book value of their capital account since the assets are realized at its book value not resulting to any gain or loss on realization.
11. C
Mactal,Capital Macadang, Capital Pangan, Capital
50 000 (15 000) (10 000) (25 000)
12. C
Capital Deficiency (100,000)
Right of Offset 50,000
--------------
(50,000)
13. A
Garachico,Capital Dugan,Capital Pascua,Capital Cerda,Capital
60000 1 000 25 000 25 000 9 000
37800 (5 400) (7 200) (10 800) (14 400)
22 200 (4 400) 17 800 14 200 (5 400)
RENZ P, MORTA BSA- 1A (CONTINATION)
ReplyDelete9) D
Ramos Seechua Tria Total
Capital 100,000 80,000 300,000 480,000
Drawing (60,000) (40,000) (20,000) (120,000)
Balances 40,000 40,000 280,000 360,000
Profit 24,000 24,000 24,000 72,000
Balances 64,000 64,000 304,000 432,000
Assets (172,000) (172,000) (172,000) (516,000)
Liabilities (108,000) (108,000) 132,000 84,000
Absorption 108,000 (54,000) (54,000) 0
Balances 0 (54,000) 78,000 0
Chat Conversation End
10) C (REASON: Because assets that are realized at their book value would not result to any gain or loss on realization).
11) B
Claim against the partnership 50,000
Multiplied by: Mactal’s interest 30%
______
Total 15,000
Divided by: 50,%
______
Amount to be absorbed by Mactal 30,000
======
12) C
Reyes, Capital
Capital balance 100,000
Share in loss (200,000)
________
. capital deficiency (100,000)
Right of offset 50,000
(50,000)
________
Add’l investment 50000
13) B
SOLUTION:
TOTAL CAPITAL 60,000
Remaining cash (23,200)
--------------
36,800 * 3/21 = 5,257
====
1. D.
ReplyDeleteMatias Pagayanon Pescasiosa
45,000 105,000 200,000
(61,000) (61,000) (30,500)
(16,000) 44,000 169,500
10,000
6,000
2. C.
Gumban Danlag Escriba
45,000 105,000 200,000
(61,000) (61,000) (30,500)
(16,000) 44,000 169,500
3. B.
Jerusalem Rebusora
641,976 728,352
(20.000) (35,000)
(5,500) (6,700)
(2,000) (3,600)
614,476 683,052
4. C.
2,337,918
(55,000)
(12,200)
(5.600)
2,2658,118
5. D.
1,1297,528/.80X.20= 324,382
6.A.
1,621,910X.40= 648,764-614,476= 34,288
7. A.
Jerusalem Rebusora Lazerna
648,764 648,764 324,382
130,000 130,000 65,000
(50,000) (65,000) (28,000)
728,764 713,764 361,382
8.D.
Amurao
40,000
(2,000)
19,000
9. C.
10. C.
Lopez Mendez
130,000 130,000
X85,000 X45,000
/130,000 /130,000
85,000 45,000
11. D.
Mactal
350,000
(300,000)
50,000
(90,000)
(40,000)
40,000
12.C.
Reyes
100,000
(200,000)
(100,000)
50,000
(50,000)
50,000
13. A.
Garachico
1,000
(5,400)= 37,800X3/21
MAE A. MARCON
Añora, Karl Joshua C. BSA-1A
ReplyDelete(page1)
1) D. Matias, P6,000
Matias, Capital Pagayanon, Capital Percasiosa, Capital
Bal. before 45,000 105,000 200,000
Realization
Loss on (61,000) (61,000) (30,500)
Realization
------------------------------------------------------------------------------
Bal (16,000) 44,000 169,500
Right of Offset 10,000
------------------------------------------------------------------------------
(6,000)
2) C. Gumban, Capital = P6,000 Danlag, Capital = P44,000 Esacariba, Capital = P169,500
Gumban, Loan Gumba, Cap Danlag, Cap Escariba, Cap
Bal 10,000 45,000 105,000 200,000
Loss on
Realization (61,000) (61,000) (30,500)
--------------------------------------------------------------------------------------
Bal 10,000 (16,000) 44,000 169,500
Right of
Offset (10,000) 10,000
=======--------------------------------------------------------------------
Bal 6,000 44,000 169,500
====================================
3) B. Jerusalem's, P614,476; Rebusora's, P683,052
Jerusalem Rebusora
641,976 728,352
(20,000) (35,000)
(5,500) (6,700)
(2,000) (3,600)
--------------- ----------------
614,476 683,052
========= =========
4) C. P2,265,118
614,476 + 683,052 + 178,940 + 200,000 + 243,650 + 345,000 = 2,265,118
=========
5) D. P324,382
614,476 + 683,052 = 1,297,528 / 80% = 1,621,910 * 20% = 324,382
========
6) A. P34,288
(683,052 - 614,476) / 2 = 34,288
======
Añora, Karl Joshua C. BSA-1A
ReplyDelete(page2)
7) A. Jerusalem P728,764; Rebusora, P71, 764; Lazerna, P361,382
Jerusalem Rebusora Lazerna
Bal 648,764 648,764 324,382
Share of
Profit 130,000 130,000 65,000
Drawing (50,000) (65,000) (28,000)
-----------------------------------------------------------------
728,764 713,764 361,382
=====================================
8) B. P17,800
40,000 - 21,000 - 1,200 = 17,800
9) D. P78,000
Ramos Seechua Tria
100,000 80,000 300,000
(60,000) (40,000) (20,000)
--------------------------------------------------
40,000 40,000 280,000
24,000 24,000 24,000
--------------------------------------------------
64,000 64,000 304,000
(172,000) (172,000) (172,000)
----------------------------------------------------
(108,000) (108,000) 132,000
108,000 (54,000) (54,000)
=======------------------------------------------
162,000 78,000
======
10) C. Lopez to receive P85,000 and Mendez to receive P45,000
11) D. P40,000
Mactal Macadang Pangan
350,000 250,000 350,000
(300,000) (200,000) (500,000)
------------------------------------------------------------
50,000 50,000 (150,000)
(90,000) (60,000) 150,000
---------------------------------------------=========
(40,000) (10,000)
12) C. Reyes at P50,000
420,000 315,000 205,000 100,000
(300,000) (300,000) (200,000) (200,000)
---------------------------------------------------------------------
120,000 15,000 5,000 (100,000)
50,000
---------------------------------------------------------------------
120,000 15,000 5,000 (50,000)
13) D. P4,972
1,000 + 25,000 + 25,000 + 9,000 - 3,000 - 22,200 = 35,000 * 3/21 = 4,972
=====
1. A. 152500*4/10= (61000)10500= 44000
ReplyDelete2. C. Gumban, Loan Gumban Danlog Escariba
10000 45000 105000 200000
(61000) (61000) (30500)
10000 (16000) 44000 169500
===== ====== ===== ======
3. B. Jerusalem Rebusora
Capital before formation 641976 728352
Adjustment on AUA (20000) (35000)
Adjustment on Inventory (5500) (6700)
Adjustment on Other Assets (2000) (3600)
Capital on Formation 614 476 683052
======= =======
4. C. Total Assets Before Formation 2337918
Total Adjustment of AUA (55000)
Total Adjustment of Inventory (12200)
Total Adjustment of OA (5600)
Total Assets 2265118
========
5. D. 614476+683052= 1297528/ 80%=1621910(1297528)=324382 <--Cash to be
===== invested by Jonna
6. A. 614476+683052= 1297528/2= (648764) 683052= 34288 <-- Cash settlement
=====
7. A. Jerusalem Rebusora Lazerna
Beginning Capital 648764 648764 324482
Profit Distribution 130000 130000 65000
Drawings (50000) (65000) (28000)
Ending Capital 728764 713764 361382
Aaron John C. Añora BSA-1B P1
LAGONOY, LORIE LYN C. BSA-1B
ReplyDelete1. D.
Cash 247,500
Matias, Capital 61,000
Pagayanon, Capital 61,000
Pescasiosa, Capital 30,500
/Other Assets 400,000
Matias: P 45,000- 61,000= (16,000)+10,000= (6,000)
2. C.
Gumban: (P152,500)x 40%= (61,000)+ 45,000= (16,000)+10,000= (P 6,000)
Danlag: (P152,500)x 40%= (61,000)+ 105,000= P44,000
Escriba: (P152,500)x 20%= (30,500)+ 200,000= P 169,500
3. B.
Jerusalem:P 1,020,916- 20,000- 5,500- 2,000= P993,416- 178,940- 200,000= P 614,476
Rebusora: P 1,317,002- 35,000- 6,700- 3,600= P 1,271,702- 243,650- 345,000= P683,052
4. C.
Jerusalem Assets: P 993,416
Rebusora Assets: 1,271,702
--------------
P 2,265,118
5. D.
Jerusalem: P 614,476
Rebusora : P 683,052
-------------
P 1,297,528/80%= P 1,621,910x 20%= P 324, 382
6. A.
Jerusalem: P 1,621,910x 40%= P648,764-614,476= P 34,288
Rebusora: P 1,621,910x 40%= P648,764-P683,052=(P34,288)
7. A.
Jerusalem: P325,000x 40%= P130,000- 50,000= P80,000+ 648,764= P728,764
Rebusora: P 325,000x 40%= P130,000-65,000= P65,000+ 648,764= P713,764
Lazerna: P325,000x 20%= P65,000- 28,000= P37,000+ 324,382= P361,382
8. B.
Total Capital: 70,000-28,000=42,000—Loss
Amurao: P 40,000- 21,000= 19,000-1,200= P 17,800
9. D.
Ramos Seechua Tria Total
Capital 100,000 80,000 300,000 480,000
Drawing (60,000) (40,000) (20,000) (120,000)
Balances 40,000 40,000 280,000 360,000
Profit 24,000 24,000 24,000 72,000
Balances 64,000 64,000 304,000 432,000
Assets (172,000) (172,000) (172,000) (516,000)
Liabilities (108,000) (108,000) 132,000 84,000
Absorption 108,000 (54,000) (54,000) 0
Balances 0 (54,000) 78,000 0
10. C.
Lopez, Capital 85,000
Mendez, Capital 45,000
/Cash 130,000
//To record the distribution of cash to partners.
11. D.
Mactal: P 350,000- 300,000= 50,000- 90,000= (P 40,000)
12. C.
Ong: P 1,000,000x 30%= (P300,000)+ 420,000= P 120,000
Rodriguez: P 1,000,000x 30%= (P300,000)+ 315,000= P 15,000
Pamittan: P 1,000,000x 20%= (P200,000)+ 205,000= P5,000
Reyes: P 1,000,000x 20%= (P200,000)+ 100,000= (P 100,000)- 50,000= (P 50,000)
13. A.
Garachico,Capital Dugan,Capital Pascua,Capital Cerda,Capital
60000 1 000 25 000 25 000 9 000
37800 (5 400) (7 200) (10 800) (14 400)
22 200 (4 400) 17 800 14 200 (5 400)
1. D
ReplyDeleteMatias, Capital 45,000
Loss on Realization (61,000)
Balance (16,000)
Right of offset (10,000)
Balance (6,000)
2. C
Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital
10,000 45,000 105,000 200,000
Loss on Realization (61,000) (61,000) (30,500)
Balances 10,000 (16,000) 44,000 169,500
3. B
Jerusalem Rebusora
Capital 641,976 728,352
Less: AUA (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
Balance 614,476 683,052
4. C
Cash 33,354
Accounts Recievable 802,426
Less: AUA (55,000)
Inventory 367,937
Land 603,000
Building 428,267
Furnitutes & Fixtures 85,134
Total: 2,265,118
5. D.
Capital balance of old partners: 1,297,528
/ 80%
1,621,910
x 20%
Cash investment of Lazerna. 324,382
6. A.
1,621,910
x 40%
648,764
- 614,476
34,288 - Cash settlement.
7. A.
Jerusalem
Capital 614,476
Add: 34,288 – Cash Settlement
130,000 – Share in profit
778,764
Less: (50,000) – Drawings
Balance: 728,764
Rebusora
Capital 883,052
Less: 34,288 – Cash settlement
648,764
Add: 130,000 – profit
778,764
Less: 65,000 – drawings
Balance 713,764
Lazerna
Capital 324,382
Add: 65,000 – profit
389,382
Less: 28,000 – drawings
Balance: 361,382
8. B
Total Capital
Balance of partners 70,000
Cash available 28,000
Loss on Realization 42,000
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200
9. D
10. C
Cash Net Assets Lopez Capital Mendez,Capital
130,000 85,000 45,000
130,000 (130,000)
130,000 85,000 45,000
(130,000) (85,000) (45,000)
11. B
50,000
x 30/50
30,000 –absorption of Mactal
12. C
Reyes, Loan Reyes, Capital
Balance 50,000 100,000
Loss on Realization (200,000)
Balance 50,000 (100,000)
Right of offset (50,000) 50,000
Balance (50,000)
Add’l Investment 50,000
13. A
Garachico 1,000
Dugan 25,000
Pascua 25,000
Cerda 9,000
60,000
22,200 – cash available
37,800 – Loss on realization
x 3/21
5,400 – share of loss n realization of Garachico.
ReplyDelete1. D
Matias, Capital 45,000
Loss on Realization (61,000)
Balance (16,000)
Right of offset (10,000)
Balance (6,000)
2. C
Gumban, Loan Gumban, Capital Danlag, Capital Escriba, Capital
10,000 45,000 105,000 200,000
Loss on Realization (61,000) (61,000) (30,500)
Balances 10,000 (16,000) 44,000 169,500
3. B
Jerusalem Rebusora
Capital 641,976 728,352
Less: AUA (20,000) (35,000)
Inventory (5,500) (6,700)
Other Assets (2,000) (3,600)
Balance 614,476 683,052
4. C
Cash 33,354
Accounts Recievable 802,426
Less: AUA (55,000)
Inventory 367,937
Land 603,000
Building 428,267
Furnitutes & Fixtures 85,134
Total: 2,265,118
5. D.
Capital balance of old partners: 1,297,528
/ 80%
1,621,910
x 20%
Cash investment of Lazerna. 324,382
6. A.
1,621,910
x 40%
648,764
- 614,476
34,288 - Cash settlement.
7. A.
Jerusalem
Capital 614,476
Add: 34,288 – Cash Settlement
130,000 – Share in profit
778,764
Less: (50,000) – Drawings
Balance: 728,764
Rebusora
Capital 883,052
Less: 34,288 – Cash settlement
648,764
Add: 130,000 – profit
778,764
Less: 65,000 – drawings
Balance 713,764
Lazerna
Capital 324,382
Add: 65,000 – profit
389,382
Less: 28,000 – drawings
Balance: 361,382
8. B
Total Capital
Balance of partners 70,000
Cash available 28,000
Loss on Realization 42,000
Amurao Estoque Zulueta
40,000 25,000 5,000
(21,000) (14,000) (7000)
19,000 11,000 (2,000)
(1,200) (800) 2,000
17,800 10,200
9. D
10. C
Cash Net Assets Lopez Capital Mendez,Capital
130,000 85,000 45,000
130,000 (130,000)
130,000 85,000 45,000
(130,000) (85,000) (45,000)
11. B
50,000
x 30/50
30,000 –absorption of Mactal
12. C
Reyes, Loan Reyes, Capital
Balance 50,000 100,000
Loss on Realization (200,000)
Balance 50,000 (100,000)
Right of offset (50,000) 50,000
Balance (50,000)
Add’l Investment 50,000
13. A
Garachico 1,000
Dugan 25,000
Pascua 25,000
Cerda 9,000
60,000
22,200 – cash available
37,800 – Loss on realization
x 3/21
5,400 – share of loss n realization of Garachico.