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What is the amount of profit and loss allocated to Sarah

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Question - Norman, Sarah, and Taylor are partners. The partnership income for the period is P130,000. The partnership agreement assigns salaries to the partners of P10,000, P15,000, and P18,000, respectively. In addition, the partners have profit and loss residual ratios of 30%, 45%, and 25%. What is the amount of profit and loss allocated to Sarah as a result of applying the residual ratios?

Reference no: EM132665284

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