salary allowances of P340,000 to Calamba and P170,000 to Brillantes, and the remainder equally. e. Plan (d), except that Calamba is also to be allowed a bonus equal to 20% of the amount by which profit exceeds the salary allowances.
salary allowances of P340,000 to Calamba and P170,000 to Brillantes, and the remainder equally. e. Plan (d), except that Calamba is also to be allowed a bonus equal to 20% of the amount by which profit exceeds the salary allowances.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
a. Equal division.
b. In the ratio of original investments.
c. Interest of 10% on original investments and the remainder in the ratio of 3:2.
d. Interest of 10% on original investments, salary allowances of P340,000 to Calamba and
P170,000 to Brillantes, and the remainder equally.
e. Plan (d), except that Calamba is also to be allowed a bonus equal to 20% of the amount by
which profit exceeds the salary allowances.
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