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13. X, Y and Z were partners. X is an industrial partner. During the rst year of operation, the rm realized a prot of P60.000.

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13. X, Y and Z were partners. X is an industrial partner. During the rst year of operation, the rm realized a prot of P60.000. During the second year, the rm sustained a loss of P30.000. So, the net prot for the two years of operation was only P30.000. In the Article of Partnership, it was agreed that X, the industrial partner would get 1/3 of the prot but would not share in the losses, How much will X, the industrial partner get? a. X will get only P20,000 which is 1/3 of the prot of the 1ST year of operation. b. X will get only P 10,000 which is 1/3 of the net prot. c. X will get only P20.000 in the rst year and none in the second year. d. X will share in the loss in the second year

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