Bsat- At3b Quiz Adv one
Essay by jake98 • September 16, 2017 • Exam • 2,092 Words (9 Pages) • 707 Views
BATHAN, Vanessa Mae M. ADV-ONE
BSAT- AT3B
QUIZ – Partnership Formation
- a. 171, 000 b. 12, 000
(5000) (1) / 2/5 [pic 1]
500 (2) 300,000
500 (3) * 3/5[pic 2][pic 3]
167, 500 180, 000
(34,500) cash (132, 500) [pic 4][pic 5]
132, 500 47, 500[pic 6]
net tangible asset contibution 20, 000[pic 7]
of Rufino 67, 500[pic 8]
Revalued amount of land
- a. Famore Katigbak
68, 950 45, 000
(9000) (a) (6000) (a)
(3000) (b) (700) (b)
(1250) (b) (10000) (d)
(4200) (c)
(650) (d)[pic 9][pic 10]
50, 850 28, 300[pic 11][pic 12]
Famore’s adjusted capital Katigbak’s adjusted capital
b. 50, 850 Famore’s adjusted capital
/ 60% (e) [pic 13]
84, 750 partner’s agreed equity
c. Initial Contribution 50, 850 28, 300
Agreed Capital *50, 850 *33, 900[pic 14]
----- 5600 additional investment of Katigbak
* 84, 750 * 60% = 50850 (Famore)
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