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How is this loss distributed among the partners

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Question - Ferrer, Gleeann, and Hannah form a partnership and agree to maintain average investments of P2,500,000, P1,250,000 and P1,250,000, respectively. Interest on the excess or deficiency in a capital contribution is to be computed at 6% per annum. After the interest allowances, Ferrer, Gleeann, and Hannah are to share any balance in the ratio of 5:3:2. Average amounts invested during the first six months were as follows: Ferrer, P3,000,000; Gleeann, P1,375,000; and Hannah, P1,000,000. A loss from operations of P62,500 was incurred for the first six months. How is this loss distributed among the partners Ferrer, Gleeann, and Hannah?

Reference no: EM132851038

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