Abad, Aglugub and Onate agreed to share profits and losses according to the ratio of their respective investments at the beginning of the year of P300,000, P250,000 and P450,000. Calculate the share of Abad if the partnership has a profit of P270,000.00

Abad, Aglugub and Onate agreed to share profits and losses according to the ratio of their respective investments at the beginning of the year of P300,000, P250,000 and P450,000. Calculate the share of Abad if the partnership has a profit of P270,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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