computation and explanation please

10. Abu and Dogu have the following profit and Loss agreement: salaries of P30,000 and P45,000 for Abu and Dogu, respectively; a bonus to Abu of 10% of profit after salaries and bonus; and interest of 10% on average capital balances of P20,000 and P35,000 for Abu and Dogu, respectively. One-third of any remaining profit is allocated to Abu and the balance to Dagu. If the partnership had profit of P102,500, how much should be allocated to Abu? Q. P41,000 b. P41.167 C. P44.250 d. P47,500 11. An ordinary or preference shareholder is similar to a because he can lose no more than the value of the investment. Q. general partner b. Limited partner C. sole proprietor d. nominal partner 12. A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a (n) a government-owned corporation b. close corporation C. open corporation d. not-for-profit corporation 13. When organizing a corporation, the incorporators submit articles of incorporation to a a judge b. the Securities and Exchange Commission C. the National Bureau of Investigation d. the Board of Investments 14. Ordinary shares carry all the following rights except the right to a share in profits b. receive information about the corporation C. receive part of the profit before other classes of shares d. attend the annual shareholders meeting 15. The top governing body of a corporation is known as the a board of directors b. shareholders C. management d. officers 16. Par value a is the Legal capital established for a share of stock b. is established for a share of stock after it is issued. c. Represents what a share of stock is worth. d. Represents the original selling price for a share of stock 17. The number of shares of issued equals a authorized shares minus treasury shares. b. Outstanding shares minus authorized shares C. Unissued shares minus authorized shares d. Subscribed shares plus outstanding shares 18, A corporation's residual equity is its a ordinary and preference share b. preference share c. ordinary shares d. creditors 19. An individual shareholder is entitled to receive any dividends declared on shares owned, provided the share is held on the a date of declaration b. date of record c. date of payment d. last day of a fiscal year 20. The maximum number of shares that may be issued according to the corporation's charter is referred to as a issued shares b. unissued shares C. authorized shares d. outstanding shares