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By what amount should AAA account change

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Question - AA, BBB and CCC are partners with average capital balances during 2008 of P120,000, P60,000 and P40,000, respectively. Partners receive 10% interest on their average capital balances. After deducting salaries or P30,000 to AAA and P20,000 to CCC, the residual profit or loss is divided equally. In 2009 the partnership sustained a P33,000 loss before interest and salaries to partners. By what amount should AAA's account change?

a. P7,000 increase

b. P11,000 decrease

c. P35,000 decrease

d. P42,000 increase

Reference no: EM132568835

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