a. P120,400 192.450 luk 361200 6OK 64 37 b. P126,670 P130,000 d. P140,000 12k 40,600 120,1400 С. 2. Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30 each year.On Jan. 1, 2018, Castro joined the partnership. The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2018 was P480,000, accruing evenly over the year. What are the partners' total share in profits for the year ended June 30, 2018? Malaluan Baral Castro a. P256,000 P162,000 P62,000 b. P248,000 P168,000 P64,000 P166,000 P156,000 С. P264,000 P66,000 d. P264,000 P60,000 3. Refozar, Martinez and Magsino formed a partnership. It's on a calendar year basis. The profit-sharing arrangements are as follows: Until June 30, 2018, the annual salaries are provided as follows: Martinez, P40,000 and Magsino, P20,000. The residual profit will be shared in the ratio of 6:2:2.

a. P120,400 192.450 luk 361200 6OK 64 37 b. P126,670 P130,000 d. P140,000 12k 40,600 120,1400 С. 2. Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30 each year.On Jan. 1, 2018, Castro joined the partnership. The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2018 was P480,000, accruing evenly over the year. What are the partners' total share in profits for the year ended June 30, 2018? Malaluan Baral Castro a. P256,000 P162,000 P62,000 b. P248,000 P168,000 P64,000 P166,000 P156,000 С. P264,000 P66,000 d. P264,000 P60,000 3. Refozar, Martinez and Magsino formed a partnership. It's on a calendar year basis. The profit-sharing arrangements are as follows: Until June 30, 2018, the annual salaries are provided as follows: Martinez, P40,000 and Magsino, P20,000. The residual profit will be shared in the ratio of 6:2:2.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter21: Partnerships

Section: Chapter Questions

Problem 2BCRQ

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2. Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30 each year. On Jan. 1, 2019, Castro joined the partnership. The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2019 was P480,000, accruing evenly over the year. What are the partners’ total share in profits for the year ended June 30, 2019?
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Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30 each year.On Jan. 1, 2016, Castro joined the partnership. The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2016 was P480,000, accruing evenly over the year. What are the partners' total share in profits for the year ended June 30, 2016? Malaluan Baral Castro a. P256,000 P162,000 P62,000 P248,000 P264,000 d. b. P168,000 P64,000 C. P166,000 P66,000 P264,000 P156,000 P60,000
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Malaluan and Baral are partners. They share profits in the ratio of 3:2 respectively and close their accounts on June 30 each year. On January 1, 2020, Castro joined the partnership . The profit sharing ratio was revised to become Malaluan – 50%, Baral – 25% and Castro – 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2020 was P480,000, accruing evenly over the year. What are the partner's total total share in profit for the year ended June30,2016? Refozar, Martinez and Magsino formed a partnership. It's on a calendar year basis. The profit-sharing arrangements are as follows: Until June 30 2016, the annual salaries are provided as follows: Martinez, P40,000 and Magsino, P20,000. The residual profit will be shared in the ratio of 6:2:2. From July 1, 2016, the salaries will be discontinued and the profit to be divided in the revised ratio of 5:3:2. Profit for the year ended Dec.31,2016 was…
Malaluan and Baral are partners. They share profits in the ratio of 3:2 respectively and close their accounts on June 30 each year. On January 1, 2020, Castro joined the partnership . The profit sharing ratio was revised to become Malaluan – 50%, Baral – 25% and Castro – 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2020 was P480,000, accruing evenly over the year. Compute the share of Baral in the profit.