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What amount of net income would be necessary so

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Question 1: Boongaling is trying to decide whether to accept a salary of P50,000 or a salary of P30,000 plus a bonus of 20% of the net income after deducting salaries and bonus as a means of allocating profit among the parties. Salaries traceable to the other partners are estimated to be P100,000. What amount of net income would be necessary so that Boongaling would consider the choices to be equal?

Reference no: EM132891220

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