Admission by Investment

Case 1 – No Goodwill, No Bonus

Assume that Julia Obcena and Kent Tapia who share profit and losses in the ratio of 60%, 40%
have capital contributions of P 996,800, and P 664,533.33 respectively. They agreed to admit
Kielle Pamplona who is to invest P 553,777.78 for 1/3 interest in the new firm.

PARTNERS TCC TAC GOODWILL BONUS

Obcena 996,800 996,800
Tapia 664,533.33 664,533.33
Pamplona 553,777.78 553,777.78
Total 2,215,111.11 2,215,111.11

Case 2 – No Goodwill, Bonus to Old Partners

If Kielle Pamplona invested P 338,666.67 for 1/10 in the new firm with a total capitalization of
P 2,000,000.

PARTNERS TCC TAC GOODWILL BONUS

Obcena 996,800 83,200
Tapia 664,533.33 55,466.67
Pamplona 338,666.67 200,000 (138,666.67)
Total 2,000,000 2,000,000

Case 3 – Goodwill to New Partner

Assume the same data in Case 2, except that K. Pamplona is to contribute P 300, 000 for 16.93%
interest in the new firm. They agreed that the new capital is P 2,000,000.

PARTNERS TCC TAC GOODWILL BONUS

Obcena 996,800 996,800
Tapia 664,533.33 664,533.33
Pamplona 300,000 338,666.67 38,666.67
Total 1,961,333.33 2,000,000 38,666.67
Case 4 – Goodwill to Old Partners
Assume that K. Pamplona is to contribute P 200,000 for 1/10 interest in the firm. They agreed
that the new capital is P 2,000,000.

PARTNERS TCC TAC GOODWILL BONUS

Obcena 996,800 1,080,000 83,200
Tapia 664,533.33 664,533.33 55,466.67
Pamplona 200,000 200,000
Total 1,861,333.33 2,000,000 138,666.67

Case 5 – Goodwill and Bonus to Old Partners

Assume the same data to be used and K. Pamplona is admitted to the partnership by her
investments of P 500,000 for 1/5 in the new agreed capital of P 2,250,000.

PARTNERS TCC TAC GOODWILL BONUS

Obcena 996,800 1,080,000 53,200 30,000
Tapia 664,533.33 720,000 35,466.67 20,000
Pamplona 553,777.78 450,000 (50,000)

Total 2,161,333.33 2,250,000 88,666.67

Case 6 – No Goodwill, Bonus to New Partner

K. Pamplona invested P 338,666.67 for ½ interest in the firm. The agreed capital of the new firm
is P 2,000,000.

PARTNERS TCC TAC GOODWILL BONUS

Obcena 996,800 600,000 (396,800)
Tapia 664,533.33 400,000 (264,533.33)
Pamplona 338,666.67 1,000,000 661,333.33
Total 2,000,000 2,000,000