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C. P and A have the following capital accounts in their partnership for 2020: 200.000 300.000 January 1 Balance March Investment Withdrawal 1 Withdrawal October
C. P and A have the following capital accounts in their partnership for 2020: 200.000 300.000 January 1 Balance March Investment Withdrawal 1 Withdrawal October 1 Investment c 220,000 129 000 40.000 10000 40.000 150 000 0.000 Before any allocation, profit for the year was P500,000. Interest for each partner amounts to 10% of ending capital balances. Annual salaries of C, P and Aare P60,000, P100,000 and P50,000, respectively. Any remainder is divided in a 32:1 ratio, respectively. Allocation Method: Interest for each partner at 10% of ending capital balances, Annual salaries of C, P and A are P60,000, P100,000 and P50,000, respectively. Any remainder is divided in a 3:2:1 respectively 20 Ending capital balances of C. P and A, respectively. (After investment and withdrawal but before share in the profit) 21 Total share of C, P and A respectively based on the above allocation method. 22 How much is the ending equity/capital of C. P and A, respectively (After investment, withdrawal and share in net profit) Allocation Method: Profit of P500,000 divided according to beginning capital balances: 23 How much is the share of A? Allocation Method Profit of P500,000 divided according to ending capital balances: 24 How much is the share of P? IV Allocation Method: Profit of P500,000 divided according to average capital balances 25 Average capital balances of C P and A, respectively. 26 How much is the share of C? v Allocation Method: Profit of P500,0000 divided in the ratio of 1:23, respectively 27 How much is the share of C. P and A, respectively VI Allocation MethodProfit of P500,000 is divided as follows: 10% interest on beginning capital balances; salary allowance to C, P and A of P90,000, P120,000 P150,000, respectively: Bonus at 10% of net profit before interest, salaries and bonus shall be provided to A and balance is divided equally 28 How much is the bonus granted to A? 29 How much is the total share of A? 30 How much is the ending equity/capital of A
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