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How do you calculate the Profit/Loss ratio. Please show computations. Thanks kloooo Apportion the net loss of $40,000 to the DEF partnership. Danby receives a
How do you calculate the Profit/Loss ratio. Please show computations. Thanks
kloooo Apportion the net loss of $40,000 to the DEF partnership. Danby receives a salary of $10,000, and Farber receives $8,000. All receive 10% on their beginning capital balances ($60,000, $70,000, and $40,000, respectively). They share the profit/loss 3:2:2. 3/7:21 Danby Earle Farber ($40,000) salaries 110,000 & 110,000 1 20,000 1 % interest ! 6000 (37.000) ell rato ($40,000) 4000 1400 17.000 tStep by Step Solution
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