Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has distributable profit = $4, 90,000. Profit sharing share ratio of Mr. A, Mr. B and Mr. C is 2:3:5 respectively what will

A company has distributable profit = $4, 90,000. Profit sharing share ratio of Mr. A, Mr. B and Mr. C is 2:3:5 respectively what will be the Profit share for Mr. C in distributable profit.

A)$98,000

B)$1, 47,000

C)$2, 45,000

D)$3, 43,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra C Jeter, Paul K Chaney

5th Edition

1118022297, 978-1118022290

More Books

Students also viewed these Accounting questions

Question

Discuss the merits of diversification as a rationale for mergers.

Answered: 1 week ago

Question

What is the total edge weight sum of the graph

Answered: 1 week ago