fx Textbook Ref A Textbook LO 15.4 The partnership of Arun, Margo, and Tammy has done well. The three partners have shared profits and losses in a 1:1:2 ratio, with capital balances of $75,000 each. Tammy wants to retire and withdraw. Prepare a schedule showing how the cost should be divided if Margo and Arun decide to pay Tammy $100,000 for retirement of her capital account and the new agreement will share profits and losses 50:50 Pre-withdrawl ratio Pre-withdrawl capital balances B Payment to retiring partner Retiring partner's capital balance Excess payment to retiring partner Date Account Title Dec. 31 To record retirement of a partner Cash Arun, Capital Margo, Capital Tammy, Capital C Arun Debit D Margo Credit E Tammy F Total

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11. Help me selecting the right answer. Thank you

PA2. LO 15.4Arun and Margot want to admit Tammy as a third partner for their partnership. Their capital balances prior to Tammy's admission are $50,000 each. Prepare a schedule showing how the bonus should be divided among the three, assuming the profit or loss agreement will be 1:3 once Tammy has been admitted and her contribution is: A. $20,000 B. $80,000 C. $50,000.

Partners W, X, Y, and Z form the Ace partnership, contributing the following: W X Y Z Interest 40% 40% 10% 10% Prop. 1 Prop. 2 Prop. 3 Prop. 4 Basis $40,000 $120,000 $10,000 $30,000 FMV $200,000 $60,000 $70,000 $20,000 How much is each partner's basis in their partnership interest? Liability $160,000 $20,000 $60,000 $10,000

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I need correct answer and correct computation. Thank you!

PROBLEM 6 – 3: RECONSTRUCTION OF INFORMATION A and B's partnership agreement stipulates the following: Annual salary of P20,000 to A 10% bonus to A, based on profit after salaries and bonus The balances are shared on 60:40 ratio. Requirement: If B's share in the pai tnership profit for the year is P32,000, how much is the partnership profit before salary and bonus? A В Total Amount being allocated 7 Allocation: 1. Salaries 20,000 20,000 2. Bonus 4 3. Allocation of remaining profit As allocated 32,000 32,000 5 3 6