Anna, Ben, and Carl are partners sharing profits and losses in a 2:2:1 ratio. Carl decided to withdraw from the partnership. The year after Carl's withdrawal, the partnership earned profits of P165,000. How much would be Anna's share in the profits?

Anna, Ben, and Carl are partners sharing profits and losses in a 2:2:1 ratio. Carl decided to withdraw from the partnership. The year after Carl's withdrawal, the partnership earned profits of P165,000. How much would be Anna's share in the profits?

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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