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How much is the partnership profit for 2021? How much is Cheche's share in partnership profit? At the end of 2021. Cheche and Chuchi formed
How much is the partnership profit for 2021?
How much is Cheche's share in partnership profit?
At the end of 2021. Cheche and Chuchi formed a partnership, each contributing cash of P160,000, non-cash assets worth, P560,000 and P720,000, respectively. They share profits in the ratio of original investment. At the end of 2021. the partnership assets total P2,600,000 and liabilities amounted to P720,000. The partners did not make any additional investments or withdrawals during the yearStep by Step Solution
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