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C. P130,000 d. P140,000 2. Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30
C. P130,000 d. P140,000 2. Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30 each year. On Jan. 1, 2019, Castro joined the partnership. 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro P12,000. The partnership profit for the year ended June 30, 2019 was P480,000, accruing evenly over the year. What are the partners' total share in profits for the year ended June 30, 2019? a. b. Malaluan P256,000 P248,000 P264,000 P264,000 Baral P162,000 P168,000 P166,000 P156,000 Castro P62,000 P64,000 P66,000 P60,000 C. d
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