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A and B's partnership agreement provides for annual salary allowances of 160,000 for A and 80,000 for B. Profits are shared equally, while losses on
"A and B's partnership agreement provides for annual salary allowances of 160,000 for A and 80,000 for B. Profits are shared equally, while losses on a 70.30 ratio. The partnership earned profit of P200,000. Requirement: Compute for the respective shares of the partners the profit:
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