A, B and C are partners contributed the following: A- P6,000.00; B -P4,000; and C-industry. They agreed that the profits and losses shall be distributed as follows to wit: A-35%; B-25%, and C-40%. How shall the loss of the P10,000 be distributed? a. A- P6,000; B-P4,000; C-none b. A- P3,500; B - P2,500; C- P4,000 c. A- P3,333; B- P3,333; C- P3,333 d. A- P5,000; B-P2,500; C-none
A, B and C are partners contributed the following: A- P6,000.00; B -P4,000; and C-industry. They agreed that the profits and losses shall be distributed as follows to wit: A-35%; B-25%, and C-40%. How shall the loss of the P10,000 be distributed? a. A- P6,000; B-P4,000; C-none b. A- P3,500; B - P2,500; C- P4,000 c. A- P3,333; B- P3,333; C- P3,333 d. A- P5,000; B-P2,500; C-none
A, B and C are partners contributed the following: A- P6,000.00; B -P4,000; and C-industry. They agreed that the profits and losses shall be distributed as follows to wit: A-35%; B-25%, and C-40%. How shall the loss of the P10,000 be distributed? a. A- P6,000; B-P4,000; C-none b. A- P3,500; B - P2,500; C- P4,000 c. A- P3,333; B- P3,333; C- P3,333 d. A- P5,000; B-P2,500; C-none
A, B and C are partners contributed the following: A- P6,000.00; B -P4,000; and C-industry. They agreed that the profits and losses shall be distributed as follows to wit: A-35%; B-25%, and C-40%. How shall the loss of the P10,000 be distributed?
a. A- P6,000; B-P4,000; C-none
b. A- P3,500; B - P2,500; C- P4,000
c. A- P3,333; B- P3,333; C- P3,333
d. A- P5,000; B-P2,500; C-none
Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
