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Determine the partner participation in the profit

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Question - Eliza Diaz and Ma. Conception Manalo formed a partnership, investing 330,000 and 110,000 respectively. Determine the partner's participation in the 2019 profit of 420,000 under the Allowance of interest at the rate of 8% on original investments, salary allowances of 50,000 and 70,000 respectively and the remainder to be divided equally.

Reference no: EM132972207

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