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- 5. The partnership agreement of A, B and C stipulates the following A. the managing partner, shall receive a bonus af 10% of profit
- 5. The partnership agreement of A, B and C stipulates the following A. the managing partner, shall receive a bonus af 10% of profit Each partner shall receive a 6% interest on average capital investments Any remaining profit or loss shall be shared equally The average capital investments of the partners during the year were P80,000 for A, P50,000 for B, and P30,000 for C. The partnership incurred loss of P20,000 during the period. How much was A's share? 3. 3,507 b. 5,067 C 8,867 d 8,667 8. A and B formed a partnership on January 1, 20:41. Their contributions were credited to their respective capital accounts as follows: Cantal accounts A Capital 150,000 B Capital 250.000 400.000 During the year, the partnershia earnind profit of 1.000.000. There was no contractual stipulation on how profits are to be shared by the partners. How much is the share of B in the profit? 375,000 b. 425,000 c565,000 625.000
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