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A, B, and C are partners who each donated P6,000.00, P4,000, and P4,000, respectively, and C-industry. They agreed on the following distribution of earnings and losses: A-35 percent, B-25 percent, and C-40 percent. What will happen to the P10,000 that was lost? a. P6,000; B: P4,000; C: None c. A: 3,500 pesos; B: 2,500 pesos; C: 4,000 pesos c. A- P3,333; B- P3,333; C- P3,333 c. A- 5,000 pesos; B-2,500 pesos; C-none

A, B, and C are partners who each donated P6,000.00, P4,000, and P4,000, respectively, and C-industry. They agreed on the following distribution of earnings and losses: A-35 percent, B-25 percent, and C-40 percent. What will happen to the P10,000 that was lost? a. P6,000; B: P4,000; C: None c. A: 3,500 pesos; B: 2,500 pesos; C: 4,000 pesos c. A- P3,333; B- P3,333; C- P3,333 c. A- 5,000 pesos; B-2,500 pesos; C-none

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A, B, and C are partners who each donated P6,000.00, P4,000, and P4,000, respectively, and C-industry. They agreed on the following distribution of earnings and losses: A-35 percent, B-25 percent, and C-40 percent. What will happen to the P10,000 that was lost?

a. P6,000; B: P4,000; C: None

c. A: 3,500 pesos; B: 2,500 pesos; C: 4,000 pesos

c. A- P3,333; B- P3,333; C- P3,333


c. A- 5,000 pesos; B-2,500 pesos; C-none.

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