If they divide the profits 2:4:6, how much should B receive?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On January 1, A, B and C has beginning balances of P30,000, P20,000 and P40,000, respectively. A withdrew half of
his investment on March 31, B added 10% to his balance On April 15, and C withdrew 25% of his capital balance on
October 1. On its December 31 income statement, it recorded a profit of P72,000.
If they divide the profits 2:4:6, how much should B receive?
a. 28,800
b. 48,000
O c. 24,000
O d. 57,600
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