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Exercise 3 - 7 . Distribution of Net Loss to partners Carmela and Ferdinand formed a partnership on January 1 , 2 0 2 3
Exercise Distribution of Net Loss to partners Carmela and Ferdinand formed a partnership on January with initial investments of P and P respectively. The partnership reported a net loss of The partnership agreement provides that profit or loss shall be distributed accordingly:
Monthly salary of P and P respectively for Carmela and Ferdinand,
interest on partners' original capital.
bonus to Carmela based on net income before interest, and salary.
The remainder is shared in the ratio of : respectively.
Required:
Determine the share of Carmela and Ferdinand in the net loss.
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