30. The partnership of Bartolome, Tomas and Tadeo will end soon as Tadeo is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Tadeo’s withdrawal from the partnership. · Bartolome: P45,000 · Tomas: P35,000 · Tadeo: P25,000 assuming that the partners agree that the partnership will purchase Tadeo’s interest for P33,000 and no asset revaluation is to be recorded, the balance of Bartolome’s capital account immediately after the withdrawal of Tadeo is P37,000 P41,000 P39,600 P39,000 31. The partnership of Bartolome, Tomas and Tadeo will end soon as Tadeo is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Tadeo’s withdrawal from the partnership. · Bartolome: P45,000 · Tomas: P35,000 · Tadeo: P25,000 assuming the partners agree that the partnership will purchase Tadeo’s interest for P25,000 and will record no bonus nor asset revaluation, the balance of Tomas’ capital account immediately after the withdrawal of Tadeo is P39,000 P35,000 P43,000 P41,000
30. The partnership of Bartolome, Tomas and Tadeo will end soon as Tadeo is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Tadeo’s withdrawal from the partnership. · Bartolome: P45,000 · Tomas: P35,000 · Tadeo: P25,000 assuming that the partners agree that the partnership will purchase Tadeo’s interest for P33,000 and no asset revaluation is to be recorded, the balance of Bartolome’s capital account immediately after the withdrawal of Tadeo is P37,000 P41,000 P39,600 P39,000 31. The partnership of Bartolome, Tomas and Tadeo will end soon as Tadeo is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Tadeo’s withdrawal from the partnership. · Bartolome: P45,000 · Tomas: P35,000 · Tadeo: P25,000 assuming the partners agree that the partnership will purchase Tadeo’s interest for P25,000 and will record no bonus nor asset revaluation, the balance of Tomas’ capital account immediately after the withdrawal of Tadeo is P39,000 P35,000 P43,000 P41,000
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter6: Losses And Loss Limitations
Section: Chapter Questions
Problem 20P
Related questions
Question
30.
The partnership of Bartolome, Tomas and Tadeo will end soon as Tadeo is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Tadeo’s withdrawal from the partnership.
· Bartolome: P45,000
· Tomas: P35,000
· Tadeo: P25,000
assuming that the partners agree that the partnership will purchase Tadeo’s interest for P33,000 and no asset revaluation is to be recorded, the balance of Bartolome’s capital account immediately after the withdrawal of Tadeo is
· Bartolome: P45,000
· Tomas: P35,000
· Tadeo: P25,000
assuming that the partners agree that the partnership will purchase Tadeo’s interest for P33,000 and no asset revaluation is to be recorded, the balance of Bartolome’s capital account immediately after the withdrawal of Tadeo is
P37,000
P41,000
P39,600
P39,000
31.
The partnership of Bartolome, Tomas and Tadeo will end soon as Tadeo is no longer willing to contribute the amount of time and effort to the partnership that he has previously given. The partners share profits and losses in the ratio of 3:3:4, respectively. The partners have the following capital balances just prior to Tadeo’s withdrawal from the partnership.
· Bartolome: P45,000
· Tomas: P35,000
· Tadeo: P25,000
assuming the partners agree that the partnership will purchase Tadeo’s interest for P25,000 and will record no bonus nor asset revaluation, the balance of Tomas’ capital account immediately after the withdrawal of Tadeo is
· Bartolome: P45,000
· Tomas: P35,000
· Tadeo: P25,000
assuming the partners agree that the partnership will purchase Tadeo’s interest for P25,000 and will record no bonus nor asset revaluation, the balance of Tomas’ capital account immediately after the withdrawal of Tadeo is
P39,000
P35,000
P43,000
P41,000
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