Problem #3 SCORE: PROFESSOR Rules for the Distribution of Profits or Losses Elisa Diar and Ma. Concepcion Manalo formed a partnership, investing P330,000 and P110,000, respectively. Determine the partners' participation in the 2019 profit of P420,000 under each of the following independent assumptions: a No agreement concerning division of profit. b. Divided in the ratio of original capital investment. E. Interest at the rate of 8% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of P50,000 and P70,000, respectively, and the balance to be divided equally e. Allowance of interest at the rate of 8% on inal investments, salary allowances P50,000 and P70,000, respectively, and the remainder to be divided equally
Problem #3
SCORE:
PROFESSOR
Rules for the Distribution of
Elisa Diar and Ma. Concepcion Manalo formed a
a No agreement concerning division of profit.
b. Divided in the ratio of original capital investment.
E. Interest at the rate of 8% allowed on original investments and the remainder divided in the ratio of 2:3.
d. Salary allowances of P50,000 and P70,000, respectively, and the balance to be divided equally
e. Allowance of interest at the rate of 8% on inal investments, salary allowances P50,000 and P70,000, respectively, and the remainder to be divided equally
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