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Questions 7 through 9 are based on the following: A, B and C have capital balances...

Questions 7 through 9 are based on the following:

A, B and C have capital balances of ₱112,000, ₱130,000 and v58,000, respectively, and share profit in the ratio 3:2:1. D invest cash in the partnership for a one-fourth interest.

7. Assume D receives a one-fourth interest in the assets of the partnership, which includes credit for ₱25,000 of goodwill that is recognized upon admission. How much cash D invest?

a. ₱100,000

b. ₱75,000

c. ₱125,000

d. ₱50,000

8. Assume D receives a one-fourth interest in the assets of the partnership and D is credited with ₱20,000 of the bonus from the old partners that is recognized upon D's admission. How much cash D invest?

a. ₱73,333

b. ₱100,000

c. ₱93,333

d. ₱80,000

9. Assume D receives a one-fourth interest in the assets of the partnership and B is credited with ₱15,000 of the bonus from D, how much cash D invest? d. c. b.

a. ₱115,000

b. ₱105,000

c. ₱160,000

d. ₱120,000

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