1. A and B are capitalist partners while C is an industrial partner. There is no agreement as to the profits and losses. The partnership realized profit in the amount of P150,000. a. The share of C in the profits shall be? b. Suppose instead of profit, the partnership suffered loss in the same amount of P150,000. The share of the capitalist partners in the loss shall be? c. Suppose instead of profit, the partnership suffered loss in the same amount of P150,000. The share of the industrial partner in the loss shall be? 2. A is the managing partner of AB Partnership. X is personally indebted to A for P25,000 and the partnership P75,000. When both debts mature, X pays A P10,000 and the latter issued a receipt for his personal credit. How shall the payment for P10,000 be applied?
1. A and B are capitalist partners while C is an industrial partner. There is no agreement as to the
a. The share of C in the profits shall be?
b. Suppose instead of profit, the partnership suffered loss in the same amount of P150,000. The share of the capitalist partners in the loss shall be?
c. Suppose instead of profit, the partnership suffered loss in the same amount of P150,000. The share of the industrial partner in the loss shall be?
2. A is the managing partner of AB Partnership. X is personally indebted to A for P25,000 and the partnership P75,000. When both debts mature, X pays A P10,000 and the latter issued a receipt for his personal credit. How shall the payment for P10,000 be applied?
Please help me with these questions, I don't get it. Thank you
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