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Question - A, B, and C are partners in a company sharing profit and loss in the ratio of 2:2:2. On March 31, 2017, C died. Accounts are closed on December 31st every year. The sale for the year 2017 was P600,000 and profits were P60,000. The sales for the period from Jan 1, 2018, to March 31, 2018, were P200,000, gross profit was 12,000. What the share of the deceased partner in the current year's profits on the basis of sale?
a. 8k
b. 20k
c. 4k
d. 3k
How do Perform the two NPV calculations and provide a narrative of how you calculated both computations and why. Your answer must be justified.
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