Quizizz: Partnership Dissolution - Conceptual

Quiz started on: Thu 11, Feb 04:26 PM Total Attendance: 21 Average Score: 5545

Class Level
Questions
# Correct

Which of the following will not dissolve a partnership?

16

When a new partner is admitted by purchase of interest,

7

Purchase of interest method

4

When a new partner is admitted by investment,

4

When a bonus belongs to the new partner, the old partners'

capital accounts 9

There is bonus to the old partners when

7

The bonus shall be distributed to the existing partners

16

When the amount paid to the withdrawing partner is less than

his/her capital balance 7

If a partner retires, can the partnership give him/her assets other

than cash? 1

Is it possible for a remaining partner(s) to purchase the interest of

a withdrawing partner? 20

In partnership dissolution, the business of the partners will be

stopped or terminated. 15
When interest is purchased by an outside party or by one partner
from another partner, the purchase of interest is accompanied by 20
a purchase of the profit or loss share, unless otherwise agreed by
the partners.
When a partnership is being incorporated, the accounts of the
partnership must be adjusted to reflect the current market value 18
to be recorded in the books of the corporation.

Total 144

Player level data in next Sheet!!

Time is represented in GMT+0800

n - Conceptual
Average Score: 5545

Class Level

# Incorrect # Unattempted Rodriguez

actual score 11
equivalent grade 92
When a partner has a debit
3 2 balance in his capital account

his/her capital credit is equal

12 2 to the book value of the
interest acquired
does not give rise to a bonus
13 4

the asset invested is debited

16 1

will be debited
11 1

the capital credit of the new

13 1 partner is more than what
he/she invested
on the basis of their profit or
4 1 loss sharing ratio

bonus belongs to the

13 1 remaining partners

Yes, provided that the amount

19 1 received is always equal to the
book value of the retiring
partner's
Yes. capital.
0 1

False
5 1
 True
0 1

True
1 2

110 19 9510
 Leray
11
92
When a partner has a debit When a partner has a debit
balance in his capital account balance in his capital account balance in his capital account
his/her capital credit is equal
to the book value of the
interest acquired
gives rise to a bonus
the asset invested is debited
will be debited
the capital credit of the new
partner is less than the
amount that he/she invested
on the basis of their profit or
loss sharing ratio
bonus belongs to the
remaining partners
No, the capital should always
be returned in the form of
cash.
Yes.
False
Yacat Ibañez
11 11
92 92
When a partner has a debit
his/her capital credit is equal his/her capital credit is equal
to the book value of the to the book value of the
interest acquired interest acquired
does not give rise to a bonus does not give rise to a bonus
there is always a bonus to the asset invested is debited
recognize
will be debited will be debited
the capital credit of the new the capital credit of the new
partner is less than the partner is more than what
amount that he/she invested he/she invested
on the basis of their profit or on the basis of their profit or
loss sharing ratio loss sharing ratio
bonus belongs to the bonus belongs to the
remaining partners remaining partners
Yes, provided that the amount Yes, provided that the amount
received is always equal to the received is always equal to the
book value of the retiring book value of the retiring
partner's
Yes. capital. partner's
Yes. capital.
False False
True True True

True True True

9480 8870 8590

 Fabia Yu Bulaclac

10 10 8
88 88 81
When a partner has a debit When a partner has a debit When a partner has a debit
balance in his capital account balance in his capital account balance in his capital account

his/her capital credit is equal his/her payment goes to the total contributed capital of
to the book value of the partnership the partnership increases
interest acquired
gives rise to a bonus does not give rise to a bonus gives bonus to the old
partners

there is always a bonus to his capital credit is equal to the asset invested is debited
recognize the amount invested

will be debited will be credited stay the same

the capital credit of the new
partner is more than what
he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is more than what
he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is less than the
amount that he/she invested
on the basis of their profit or
loss sharing ratio

bonus belongs to the bonus belongs to the the capital account of the
remaining partners remaining partners withdrawing partner will be
debited for the amount
Yes, provided that the amount Yes, it is not always cash that received
No, the partnership should
received is always equal to the can be distributed to the return what he/she originally
book value of the retiring retiring partners. invested.
partner's
Yes. capital. Yes. Yes.

False False False

True True True

True True True

7720 7170 6930

 Player Leve

Morfe Perdito Calimlim

7 7 7
77 77 77
When a partner has a debit When a partner has a debit When a new partner is
balance in his capital account balance in his capital account admitted

his/her capital credit is equal total contributed capital of his/her capital credit is equal
to the book value of the the partnership increases to his payment
interest acquired
gives bonus to the old No response gives bonus to the new
partners partner

there is always a bonus to total contributed capital of his capital credit is equal to
recognize the partnership is not affected the amount invested

stay the same stay the same will be debited

the capital credit of the new
partner is less than the
amount that he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is more than what
he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is less than the
amount that he/she invested
on the basis of their profit or
loss sharing ratio

the capital account of the bonus belongs to the the capital account of the
withdrawing partner will be remaining partners withdrawing partner will be
debited for the amount debited for the amount
received
Yes, provided that the amount No, the capital should always received
Yes, provided that the amount
received is always equal to the be returned in the form of received is always equal to the
book value of the retiring cash. book value of the retiring
partner's
Yes. capital. Yes. partner's
Yes. capital.

True False False

True True True

True True True

5950 5740 5390

 Player Level

Mendez RAMIREZ Ryan Ragobrio

6 6 6
73 73 73
When a partner has a debit When a partner has a debit When a partner has a debit
balance in his capital account balance in his capital account balance in his capital account

his/her capital credit is equal total contributed capital of total contributed capital of
to his payment the partnership increases the partnership increases

gives bonus to the old No response gives rise to a bonus

partners

there is always a bonus to there is always a bonus to his capital credit is equal to
recognize recognize the amount invested

will be debited will be credited will be debited

the capital credit of the new
partner is equal to the
amount that he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is more than what
he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is less than the
amount that he/she invested
on the basis of their capital
contribution

the capital account of the the capital account of the the capital account of the
withdrawing partner will be withdrawing partner will be withdrawing partner will be
debited for the amount debited for the amount debited for the amount
received
Yes, provided that the amount Yes, provided that the amount received
received No, the capital should always
received is always equal to the received is always equal to the be returned in the form of
book value of the retiring book value of the retiring cash.
partner's
Yes. capital. partner's
Yes. capital. Yes.

True False False

True True True

True True No response

5000 4980 4940

 Maristanez
When a partner has a debit
balance in his capital account balance in his capital account balance in his capital account
his/her capital credit is equal his/her payment goes to the
to his payment
gives bonus to the new
partner
his capital credit is equal to
the amount invested
will be debited
the capital credit of the new
partner is different from the
amount that he/she invested
on the basis of their profit or
loss sharing ratio
the capital account of the
withdrawing partner will be
debited for the amount
received
No, the capital should always
be returned in the form of
cash.
Yes.
False
Bautista santiago
7 6 5
77 73 69
When a partner has a debit When a partner has a debit
his/her capital credit is equal
partnership to the book value of the
interest acquired
gives bonus to the new gives rise to a bonus
partner
his capital credit is equal to total contributed capital of
the amount invested the partnership is not affected
stay the same will be credited
the capital credit of the new the capital credit of the new
partner is more than what partner is more than what
he/she invested he/she invested
on the basis of their profit or on the basis of their capital
loss sharing ratio contribution
bonus belongs to the the capital account of the
withdrawing partner withdrawing partner will be
debited for the amount
Yes, provided that the amount received
Yes, provided that the amount
received is always equal to the received is always equal to the
book value of the retiring book value of the retiring
partner's
Yes. capital. partner's
Yes. capital.
False True
True True True

True True True

4870 4430 4130

 Mikaela Remias Barrera

5 5 4
69 69 65
When a partner becomes When a partner has a debit When a partner becomes
insane balance in his capital account insane

total contributed capital of his/her capital credit is equal total contributed capital of
the partnership increases to his payment the partnership increases

gives rise to a bonus gives bonus to the old gives bonus to the old
partners partners

his capital credit is equal to his capital credit is equal to total contributed capital of
the amount invested the amount invested the partnership is not affected

stay the same stay the same stay the same

the capital credit of the new
partner is less than the
amount that he/she invested
on the basis of their profit or
loss sharing ratio
the capital credit of the new
partner is more than what
he/she invested
on the basis of their capital
contribution
the capital credit of the new
partner is more than what
he/she invested
equally

the capital account of the the capital account of the the capital account of the
withdrawing partner will be withdrawing partner will be withdrawing partner will be
debited for the amount debited for the amount debited for the amount
received
Yes, provided that the amount received
No, the capital should always received
No, the partnership should
received is always equal to the be returned in the form of return what he/she originally
book value of the retiring cash. invested.
partner's
Yes. capital. Yes. Yes.

True False False

True True True

True True True

3720 3510 3130

 victor lorenzo shelee

3
65
No response No response

No response No response

No response No response

his capital credit is equal to No response

the amount invested

will be credited No response

the capital credit of the new No response

partner is more than what
he/she invested
on the basis of their profit or No response
loss sharing ratio

the capital account of the No response

withdrawing partner will be
debited for the amount
received
Yes, provided that the amount No response
received is always equal to the
book value of the retiring
partner's
Yes. capital. No response

True No response
True No response

False No response

2400 0
Quizizz: Partnership Dissolution - Conceptual
Quiz started on: Thu 11, Feb 04:26 PM Total Attendance: 21 Average Score: 5545

Players Score Accuracy Started At

Rodriguez 9510 85% Thu 11, Feb 08:38 AM

Leray 9480 85% Thu 11, Feb 08:38 AM

Yacat 8870 85% Thu 11, Feb 08:38 AM

Ibañez 8590 85% Thu 11, Feb 08:38 AM

Fabia 7720 69% Thu 11, Feb 08:38 AM

Yu 7170 69% Thu 11, Feb 08:38 AM

Bulaclac 6930 62% Thu 11, Feb 08:38 AM

Morfe 5950 54% Thu 11, Feb 08:38 AM

Perdito 5740 54% Thu 11, Feb 08:38 AM

Calimlim 5390 54% Thu 11, Feb 08:38 AM

Mendez 5000 46% Thu 11, Feb 08:38 AM

RAMIREZ 4980 46% Thu 11, Feb 08:38 AM

Ryan Ragobrio 4940 46% Thu 11, Feb 08:38 AM

Maristanez 4870 54% Thu 11, Feb 08:38 AM

Bautista 4430 46% Thu 11, Feb 08:38 AM

 santiago 4130 38% Thu 11, Feb 08:38 AM

Mikaela 3720 38% Thu 11, Feb 08:38 AM

Remias 3510 38% Thu 11, Feb 08:38 AM

Barrera 3130 31% Thu 11, Feb 08:38 AM

victor lorenzo 2400 23% Thu 11, Feb 08:48 AM

shelee 0 0% Thu 11, Feb 08:38 AM

Time is represented in GMT+0800

Conceptual
rage Score: 5545

Info

Chrome on Other

Chrome Mobile on Generic

Smartphone

Chrome on Other

Chrome on Other

Samsung Internet on Generic

Smartphone

Chrome on Other

Chrome Mobile on Generic

Smartphone
Chrome Mobile on Generic
Smartphone
Chrome Mobile on XiaoMi Redmi Note
8 Pro

Chrome on Other

Chrome on Other

Chrome on Other

Samsung Internet on Samsung SM-

J600G

Chrome on Other

Chrome Mobile on Generic

Smartphone
 Chrome on Other

Chrome on Other

Chrome on Other

Chrome Mobile on Generic

Smartphone

Chrome on Other

Chrome on Other