8. A and B formed a partnership. The partnership agreementThe partnership earned profit of P360,000. How much is the• Monthly salary allowances of P10,000 for A and P4,000 forstipulates the following:B. The salaries are recognized as expenses.The partners share equally in profits and losses.share of A?a. 300,000b. 228,000c. 148,000d. 128,000

The Indian Partnership Act, 1932 defines Partnership in the following terms: “Partnership is the…

partnership. The partnership agreement 8. A and B stipulates the following: rme Monthly salary allowances of P10,000 for A and P4,000 for R The salaries are recognized as expenses. , The partners share equally in profits and losses. The partnership earned profit of P360,000. How much is the share of A? a. 300,000 c. 148,000 d. 128,000 b. 228,000

partnership. The partnership agreement 8. A and B stipulates the following: rme Monthly salary allowances of P10,000 for A and P4,000 for R The salaries are recognized as expenses. , The partners share equally in profits and losses. The partnership earned profit of P360,000. How much is the share of A? a. 300,000 c. 148,000 d. 128,000 b. 228,000

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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Provide complete solutionsa. ₱48,000 b. ₱100,000 c. ₱136,000 d. ₱160,000
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