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February 2023 0 0 Report
Meanide Engite Elisa Diaz 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: Diar L 330, 1000 1940,000 X/2, 00- 201 capital. a. No agreement concerning division of profit. Manale 110 105,000 b. Divided in the ratio of original capital investment. 315,000 106,000 C. Interest at the rate of 8% allowed on original investments and the remainder divided in the ratio of 2:3. 180, 320, 239.680 d. Salary allowances of P50,000 and P70,000, respectively, and the balance to be divided equally. 200,000 220,000 e. Allowance of interest at the rate of 8% on original investments, salary allowances of P50,000 and P70,000, respectively, and the remainder to be divided equally. 208,800, 211,200​

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