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Requirement: Compute for the respective shares of the partners in shared equally, while losses on a 70:30 ratio. The partnership for annual salary 2. A and B's partnership agreement provi allowances of P160,000 for A and P80,0 for B. Profits are shared equally, while losses on a 70:30 ratio. The partnershi earned profit of P200,000. the profit.

Requirement: Compute for the respective shares of the partners in shared equally, while losses on a 70:30 ratio. The partnership for annual salary 2. A and B's partnership agreement provi allowances of P160,000 for A and P80,0 for B. Profits are shared equally, while losses on a 70:30 ratio. The partnershi earned profit of P200,000. the profit.

FINANCIAL ACCOUNTING
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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The value for B is 80,000

Requirement: Compute for the respective shares of the partners in shared equally, while losses on a 70:30 ratio. The partnership for annual salary 2. A and B's partnership agreement provi allowances of P160,000 for A and P80,0 for B. Profits are earned profit of P200,000. the profit.
Transcribed Image Text:Requirement: Compute for the respective shares of the partners in shared equally, while losses on a 70:30 ratio. The partnership for annual salary 2. A and B's partnership agreement provi allowances of P160,000 for A and P80,0 for B. Profits are earned profit of P200,000. the profit.
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