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Problem 5-32 Multiple Choice Instruction: Encircle the letter corresponding to the best answer. Support your answers with good form computations. The existing capital balances of old partners prior to admission of D are as follows: Partners C Capital balances P100,000 P200,ODD P300,000 Profit and loss ratio 2016 30% 50% D is to be admitted to the partnership by direct purchase of 20%% each of the existing partners' capital for P100,000. The net assets of the partnership right after the admission of D would be: P340,000. b. P300,000. E P600, OOD. d. P480,000 The existing capital balances of old partners prior to admission of D are as followa! PALLORIS Capital balances P200.DDQ P280 000 P320,000 D is to be admitted into the partnership by investing P200,000 for 18% interest in capital and profits of the partnership for his investment. The assets of the partnership are not to be revalued. Under the bonus method, the total partnership's capital after admission of D is: B. P 800,000 b. P 975,610. c. P1,0go,000. d. P 650,000 3 The capital balances in the FSH are Farrah's capital P600,000, Sarrah's capital P500.000, and Hannah capital P400,000, and income ratios are 5:3:2, respectively. The FISH Partnership is formed by admitting Irish into the firm with a cash investment of P600,000 for a 25%% capital interest. The bonus to be credited to Hannah's capital in admitting Irish is: P100,000. b. P 75,000. P 37.500. d. F 15,000. Gerry and Nanda are partners who have a capital of P90,000 each and share profits and losses equally. They offer to admit Art for a one third interest in the firm upon his investment of P60,000. Under the bonus method, what is the total agreed capital of the partnership? P180,000 b. P240.000 P270,000