2. A, B and C are partners, sharing in partnership profits on a 2:3:4 ratio. A, the managing partner, is entitled to an annual salary of P80,000 and a 10% bonus on profit after deducting the salary but before deducting the bonus. The partnership earned profit of P560,000 before salary and bonus. How much is the share of B? a. 144,000 b. 129,600 c. 124,000 d. 129,667

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Fartnership Operations
51
2. A, B and C are partners, sharing in partnership profits on a
2:3:4 ratio. A, the managing partner, is entitled to an annual
salary of P80,000 and a 10% bonus on profit after deducting
the salary but before deducting the bonus. The partnership
earned profit of P560,000 before salary and bonus. How much
is the share of B?
144,000
c. 124,000
d. 129,667
a.
b. 129,600
Transcribed Image Text:Fartnership Operations 51 2. A, B and C are partners, sharing in partnership profits on a 2:3:4 ratio. A, the managing partner, is entitled to an annual salary of P80,000 and a 10% bonus on profit after deducting the salary but before deducting the bonus. The partnership earned profit of P560,000 before salary and bonus. How much is the share of B? 144,000 c. 124,000 d. 129,667 a. b. 129,600
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