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MM and NN are partners who share profits and losses in the ratio of 60%: 40%, respectively. MM's salary is P50,000 and P30,000 for NN.
MM and NN are partners who share profits and losses in the ratio of 60%: 40%, respectively. MM's salary is P50,000 and P30,000 for NN. The partners are also paid interest to MM P15,000 and NN, P12,000...
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