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
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
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3EA: The partnership of Tasha and Bill shares profits and losses in a 50:50 ratio, and the partners have...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb230afd-d4a1-4e3e-aed3-2ccc68ae1a08%2F0ce11c22-d199-4b62-8f7f-5cc8876045f1%2Fti3kied_processed.jpeg&w=3840&q=75)
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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