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1. J and K are partners who share profit and losses in the ratio of 609%:40% respectively. J's salary is P60,000 and P30,000 for K.

1. J and K are partners who share profit and losses in the ratio of 609%:40% respectively. J's salary is P60,000 and P30,000 for K. The partners also paid interest on their average capital balances. I...

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