capital balances: A, Capital P70,000 B, Capital P90,000 C, Capital P110,000 The articles of partnership stipulate that profits and losses be assigned in the following manner: Each partner is allocated interest equal to 10% of the beginning capital. B is allocated compensation of P2,000 per month. Any remaining profits of losses are allocated on a 4:2:4 basis, respectively. Each partner is allowed to withdraw up to P3,000 cash per year. Assuming that the net income is 50,000 and that each partner withdraws the maximum amount allowed, what is the balance of the capital of partner A at the end of that
15. A
A, Capital P70,000
B, Capital P90,000
C, Capital P110,000
The articles of partnership stipulate that profits and losses be assigned in the following manner:
Each partner is allocated interest equal to 10% of the beginning capital.
B is allocated compensation of P2,000 per month.
Any remaining
Each partner is allowed to withdraw up to P3,000 cash per year.
Assuming that the net income is 50,000 and that each partner withdraws the maximum amount allowed, what is the balance of the capital of partner A at the end of that year?
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