CHAPTER 5 Change in Capital Structure by Withdrawal, Retirement, Death or ncapacity o! a Partner E"erci#e 5-1 1.a. Bonus method Dee, Capital Dantes, Capital (P5,000 x 3/5) Dunga, Capital (P5,000 x 2/5) Ca Cash
1.!
20,000 3,000 2,000 25,000
"sset #e$aluation method %the& "ssets (P5,000 1/') Dee, Capital Ca Cash Dantes, Capital (P30,000 x 3/') Dunga, Capital (P30,000 x 2/')
2.
30,000 20,000 25,000 15,000 10,000 "sset #e$.
Capital !alanes ate& &eti&ement o Dee unde& the !onus method Balanes ate& &eti&ement o Dee unde& asset &e$aluation method Dep&eiation on asset &e$. euall Balanes ate& dep&eiation
P30,000 (30,000) ------
Dantes
Dunga
P*,000
P2+,000
P'5,000 ( 15,000) P50,000
P0,000 ( 15,000) P25,000
Dantes ill p&ee& the the asset &e$aluation &e$aluation method. method. he gain gain is P3,000 unde& the asset &e$aluation method ompa&ed ith the !onus method. xe&ise 5-2
1.
2.
Diesta, Capital Da&it, Capital (P10,000 x3/) Daag, Capital (P10,000 x 1/) Ca Cash
+0,000 *,500 2,500
%the& "ssets (P1',000 1/5) Diesta, Capital Da&it, Capital (P+0,000 x 3/5) Daag, Capital (P+0,000 x 1/5) Ca Cash
+0,000 +0,000
E"e&ise 5-3 Da&ia, apital, anua& 1 D&aing 4ha&e in net inome (P20,000 x 0) 6nte&est o Da&ia upon &eti&ement
1.
%the& "ssets (P ( P33,000 P2,000 7 P,000 / 0) Da&ia, Capital Ca Cash
',000
+,000 1',000 ',000
P25,000 ( ,000) +,000 P2,000
10,000 2,000 33,000
3'
Ditas, Capital (P10,000 x 30) Dule, Capital (P10,000 x 30) 2.
Ditas, Capital (P,000/2) Dule, Capital (P,000/2) Da&ia, Capital Cash
3,000 3,000 2,000 2,000 2,000 33,000
xe&ise 5-
1.
2.
3.
Dolo&, Capital Damian, Capital Damaso, Capital
0,000
Dolo&, Capital Cash Damian, Capital Damaso, Capital
0,000
%the& "ssets (P',000 P0,000 7 P',000/ 20) Dolo&, Capital Cash Damian, Capital Damaso, Capital
30,000 0,000
20,000 20,000
32,000 3,000 5,000
',000 ,000 15000
xe&ise 5-5
1.
2.
3.
Domingo, Capital Di8on, Capital
*0,000
Denio, Capital Doto&, Capital Di8on, Capital Domingo, Capital Cash
10,000 5,000 5,000 *0,000
%the& "ssets (P0,000 P*0,000 7 P20,000 / 20) Domingo, Capital 9otes Paa!le Denio, Capital Doto&, Capital Di8on, Capital
*0,000
0,000 100,000 *0,000 0,000 0,000 20,000 20,000
xe&ise 5-'
1.
2.
Dimla, Capital Disto&, Capital Da8a, Capital Cash
1,0 '0 12,000
Da8a, Capital Cash Dimla, Capital Disto&, Capital
12,000
1,00
,'00 1,0 '0
3*
PR$%&E'S P&o!lem 5-1
1.
2.
3.
.
5.
Delin, Capital Cash
200,000
Delin, Capital Dio:no, Capital (P'0,000 x ;) Deena, Capital (P'0,000 x ;) Cash
200,000 30,000 30,000
%the& "ssets (P',000 1/3) Delin, Capital Cash Dio:no, Capital (P1+0,000 x 1/3) Deena, Capital (P1+0,000 x 1/3)
1+0,000 200,000
Delin, Capital Cash Dio:no, Capital (P0,000 x 1/2) Deena, Capital (P0,000 x 1/2)
200,000
Delin, Capital Dio:no, Capital (P*5,000 x 1/3) Deena, Capital (P*5,000 x 1/3) Cash %the& "ssets (P25,000 1/3)
200,000 25,000 25,000
200,000
2'0,000
2'0,000 '0,000 '0,000
1'0,000 20,000 20,000
1*5,000 *5,000
P&o!lem 5-2
1.
2.
*,000
"lloane o& Dou!tul "ounts Capital "d=ustment "ount
1,000
Capital "d=ustment "ount Danao, Capital Dalan, Capital Dahlia, Capital
+,000
*,000
1,000
,000 2,000 2,000
Dahlia, Capital Cash 9otes Paa!le
2*,000 2,000 25,000
P&o!lem 5-3
1 Capital, anua& 1, 2015 9et loss D&aing Capital upon &eti&ement o Daan 2.
Damo, Capital
Damo P120,000 ( 12,000) ( 25,000) P +3,000
Daan P *0,000 ( +,000) ( 25,000) P 3*,000
P ( ( P
Datu +0,000 20,000) 25,000) 35,000
10,500
3+
3a.
!.
Datu, Capital Daan, Capital Cash 6n$ento& P3*,000 P30,000 7 P*,000 20 7P35,000
1*,500 3*,000
%the& "ssets (P10,000 / 20) Daan, Capital Cash Damo, Capital (P50,000 x 30) Datu, Capital (P50,000 x 50)
50,000 3*,000
Daan, Capital Damo, Capital Datu, Capital Cash
3*,000 3,*50 ',250
30,000 35,000
*,000 15,000 25,000
*,000
P&o!lem 5-
1.
2.
3.
.
5.
'.
*.
Daet, Capital Dais, Capital Danel, Capital Cash
12,000 +,000 10,000
Danel, Capital Daet, Capital
10,000
Danel, Capital Cash Daet, Capital Dais, Capital
10,000
%the& "ssets Danel, Capital Cash Daet, Capital Dais, Capital
'+,000 10,000
%the& "ssets Danel, Capital Cash Daet, Capital Dais, Capital Danel, Capital Dais, Capital
0,000 10,000
Danel. Capital Delia, Capital
1'0,000
10,000
130,000 ',000 ,000
1'+,000 2,000 1',000
+0,000 '0,000 0,000 10,000 10,000 10,000 10,000
P&o!lem 5-5
1.
Boo:s %the& "ssets Di8on, Capital
*2,000 +,000 20,000
3
2.
3a.
!.
Cash Da$id, Capital Duue, Capital
2++,000 3',000 3',000
Di8on, Capital Cash 9otes paa!le Da$id, Capital Duue, Capital
20,000
Di8on, Capital Da$id, Capital Duue, Capital Cash 9otes paa!le
20,000 2,000 2,000
%the& "ssets (P2++,000 P20,000 7 P+,000/0) Di8on, Capital Cash 9otes Paa!le Da$id, Capital (P120,000 x 30) Duue, Capital (P120,000 x 30)
120,000 20,000
120,000 10+,000 ',000 ',000
1+0,000 10+,000
1+0,000 10+,000 3',000 3',000
Problem 5() Danao, Dia*, Dolor and Dungca Partner#hip Statement o! Partner#+ Euity -or the .ear Ended December /0, 1203
Danao P +,000.00
Dia8 P *5,000.00
Dolo& P +,000.00
Capital, anua& 1 Dist&i!ution o net inome> an. 1 - 4ept. 30 13,500.00 10,125.00 5,0'2.50 %t. 1 - De. 31 ,*05.15 3,52+.+' 1,*'.3 &anse& o Dunga apital to his estate #eti&ement o Dolo& *,+32.2 5,+*.31 ( 5,+2'.3) Capital, Deem!e& 31 P110,03*.5* P ,52+.1* --------? P5,000 P33,*50 (P50,0'2.50 x 10 x 3/12)) 7 P,+.
Dunga P5,000.00 5,0'2.50
otal P252,000.00
(50,0'2,50)
33,*50.00 ,+.? ( 50,0'2.50)
---------
( 1,120.20) P20,5'5.*
6nome 4umma& Danao, Capital Dia8, Capital Dolo&, Capital Dunga, Capital
33,*50.00
Dunga, Capital Paa!le to the state o Dunga
50,0'2.50
6nome 4umma& Paa!le to the state o Dunga
1,251.5'
13,500.00 10,125.00 5,0'2.50 5,0'2.50
50,0'2.50
1,251.5'
0
6nome 4umma& Danao, Capital Dia8, Capital Dia8 Costa, Capital
,+. ,*05.15 3,52+.+' 1,*'.3
Dolo&, Capital 9otes Paa!le Danao, Capital Dia8, Capital
5,+2'.3 1,120.20 *,+32.2 5,+*.31 '4&TP&E CH$CE
1. 2. 3. . 5. '.
C " C " " C
*.
B
+.
D
. 10.
" C
11. 12.
C B
13. 1. 15.
B D D
"mount paid ! the pa&tne&ship Capital o Da&it otal apital !eo&e ithd&aal o Da&it P210,000 otal apital ate& ithd&aal o Da&it 1'0,000 "sset #e$aluation to Da&it P&oit sha&e o Da&it otal asset &e$aluation Capital o Dino !eo&e pu&hasing inte&est &om Dolo& 6nte&est o Dolo& t&anse&&ed to Dino Capital o Dino Doto&@s apital !eo&e the ithd&aal o Dolo& 4ha&e in the !onus gi$en to Dolo& (P33,000 - P25,000) x 3/' Doto&@s apital ate& the ithd&aal o Dolo& he same as the apital !eo&e the ithd&aal o Dolo&, P35,000 DinoAs apital !eo&e the ithd&aal o Dolo& 4ha&e o Dino in the &e$aluation o assets xess pament to Dolo& P+,000 P&oit sha&e o Dolo& 0 6n&ease in asset pe& &e$aluation P20,000 4ha&e o Dino in the asset &e$aluation x 30 DinoAs apital ate& the ithd&aal o Dolo&
P *1,000
50,000 P 21,000 30 P *0,000 P 35,000 25,000 P '0,000 P 5,000 ,000 P 1,000 P 35,000
',000 P 1,000
Di8on Dionisio oan and apital !alanes P20',000 P15,000 #e$aluation o assets 2,000 2,000 Bonus to Di8on 12,000 ( ,000) P22,000 P1*,000 P1+0,000 P10,000 P220,000 7 (P30,000)/0 7 (P*5,000) P'0,000 (20,000 x 20) - P15,000 - P+0,000 7 P31,000 P31,000/20 7 P155,000 x 0 7 P'2,000
Di$ino P3'0,000 +,000 ( +,000) P00,000
TEST 'ATERA&S Te#t 'aterial o6 07 1. 5.
.
13.
1*.
1
2. 3. .
'. *. +.
10. 11. 12.
1. 15. 1'.
1+. 1. 20.
est
1. 2. 3. . 5. '. *. +. . 10.
B C " " C B B C B D
P1'0,000 - (P30,000 x 1/2) 7 P15,000 P30,000 0 7 P*5,000 x 30 7 P22,500 P1'0,000 7 P1+2,500 P+0,000 P1'0,000 P30,000 7 P130,000
Te#t 'aterial o6 12 1. Diones, Capital Donato, Capital Dula, Capital
2.
3.
.
5.
5',000 2,000 1,000
Diones, Capital Dumlao, Capital
5',000
Diones, Capital 6n$ento&ies uipment "lloane o& Enolleti!le "ounts Cash Donato, Capital Dula, Capital
5',000 12,000 2',000
Diones, Capital Donato, Capital Dula, Capital Cash
5',000 5,000 3,000
Diones, Capital Donato, Capital Dula, Capital Cash uipment
5',000 10,000 ',000
5',000
+,000 '2,000 15,000 ,000
',000
20,000 52,000
2
