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Elisa Diaz and Mary Manalo formed a partnership investing P330, 000 and P110, 000, respectively. Determine the partners' participation in the 2018 profit of P420,

Elisa Diaz and Mary Manalo formed a partnership investing P330, 000 and P110, 000, respectively. Determine the partners' participation in the 2018 profit of P420, 000 under each of the following independent assumptions:

No agreement concerning division of profit.

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