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Compute for the respective shares of the partners in profit

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Reference no: EM132929657

A and B's partnership agreement provide for annual salary allowances of P160,000 for A and P80,000 for B. Profits are shared equally, while losses on a 70:30 ratio. The partnership earned profit of P200,000.

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Problem 1: Compute for the respective shares of the partners in the profit

Reference no: EM132929657

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