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What was anuran share of profits

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Point 1: Ceradoy, Manongsong and Anuran are partners sharing profits in the ratio of 4:3:3. The partnership agreement provides for 8% interest on capital and a salary of Manongsong of P80,000 per annum. Profit for 2016 was P840, 000 and the year-end balances on partners' capital accounts are a a follows:

Ceradoy, P200,000;

Manongsong, P150,000 and

Anuran, P120,000.

Question 1: What was Anuran's share of profits for 2016?

Reference no: EM132523232

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