Activity 2: Multiple Choice Problem A, B and C have a capital balance of P200,0 10, P300, 060 and 10 000, respectively, and share profits in the ratio 20%, 60%, 209 respectively. The partners agreed to admit D as a new partner in the partnership. Required: Answer the following Independent questions: 1) Assume D receives one fourth interest in the assets of the partnership, how much cash D contributes? a. P200, 000 b. P120,000 c. P30,000 d. P150, 000 e. PO 2) Assume D purchase 50% of partner B's interest for P180, 000. how much is the credited capital to partner D? a. P200, 000 b. P120,000 c. P30, 000 d. P150, 000 e. PO 3) Assume D purchase 20% interest in the partnership directly to all partners for P180, 000, how much is the credited capital to partner D? a. P150, 000 b. P200, 000 c. P120,000 d. P30,000 e. PO 4) Assume D purchase 20% interest in the partnership directly to all partners for P180, 000, how much is the bonus to old partners? a. P150, 000 b. P200, 000 c. P120,000 d. P30,000 e. PO 5) Assume D receives 20% interest in the assets of the partnership and B is credited with P30, 000 of the bonus from D, how much cash D invest? a. P150, 000 b. P200, 000 c. P120,000 d. P30,000 e. PO Page 10 of 127