On July 1, 2021, X, Y and Z formed a partnership with X as an industrial partner, Y and Z contributed cash of P80,000 and P120,000 respectively. They agree to divide profits in the ratio of 2:53 to X Y and Z respectively. If operations for the year 2021 resulted to a loss of P140,000 How much is the share of Z?⚫

On July 1, 2021, X, Y and Z formed a partnership with X as an industrial partner, Y and Z contributed cash of P80,000 and P120,000 respectively. They agree to divide profits in the ratio of 2:53 to X Y and Z respectively. If operations for the year 2021 resulted to a loss of P140,000 How much is the share of Z?⚫

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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