Quenne, King and Prince has a capital balance of P100,000, 100,000 and 200,000. King is retiring from the firm. Profit and loss ratio is shared on the of 1:1:2 respectively. King is to sell 40% of his interest to Queen for P50,000 and the remaider to Prince for 80,000. The new capital balance of Quenne and Prince respectively is 150,000 and 280,000 100,000 and 200,000 145,000 and 275,000 140,000 and 260,000 Quenne, King and Prince has a capital balance of P100,000, 100,000 and 200,000. King is retiring from the firm. Profit and loss ratio is shared on the of 1:1:2 respectively. King is to sell 40% of his interest to Queen for P50,000 and the remaider to Prince for 80,000. The new profit and loss for Quenne and Prince respectively is 1:2 5:6 7:13 8:12
Quenne, King and Prince has a capital balance of P100,000, 100,000 and 200,000. King is retiring from the firm. Profit and loss ratio is shared on the of 1:1:2 respectively. King is to sell 40% of his interest to Queen for P50,000 and the remaider to Prince for 80,000. The new capital balance of Quenne and Prince respectively is 150,000 and 280,000 100,000 and 200,000 145,000 and 275,000 140,000 and 260,000 Quenne, King and Prince has a capital balance of P100,000, 100,000 and 200,000. King is retiring from the firm. Profit and loss ratio is shared on the of 1:1:2 respectively. King is to sell 40% of his interest to Queen for P50,000 and the remaider to Prince for 80,000. The new profit and loss for Quenne and Prince respectively is 1:2 5:6 7:13 8:12
Chapter7: Corporations: Reorganizations
Section: Chapter Questions
Problem 44P
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- Quenne, King and Prince has a capital balance of P100,000, 100,000 and 200,000. King is retiring from the firm.
Profit and loss ratio is shared on the of 1:1:2 respectively. King is to sell 40% of his interest to Queen for P50,000 and the remaider to Prince for 80,000. The new capital balance of Quenne and Prince respectively is - 150,000 and 280,000
- 100,000 and 200,000
- 145,000 and 275,000
- 140,000 and 260,000
- Quenne, King and Prince has a capital balance of P100,000, 100,000 and 200,000. King is retiring from the firm. Profit and loss ratio is shared on the of 1:1:2 respectively. King is to sell 40% of his interest to Queen for P50,000 and the remaider to Prince for 80,000. The new profit and loss for Quenne and Prince respectively is
- 1:2
- 5:6
- 7:13
- 8:12
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