Question
A, B and C share profits and losses by allowing A and C to receive salaries of P20,000 each, salary of P9,000 to B and
A, B and C share profits and losses by allowing A and C to receive salaries of P20,000 each, salary of P9,000 to B and a 25% bonus to B after bonus. The remainder is divided in a 5:2:3 ratio to A, B and C each, respectively. If A and C received a total of P30,000, how much is the share of C?
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Financial Accounting
Authors: Anne Britton, Christopher Waterston
3rd Edition
027365859X, 978-0273658597
