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Q1. If profit for the year was P500,000, what is the share of sarmiento in the partnership profit? a. 160,000 b. 220,000 c. 234,000 d.

Q1. If profit for the year was P500,000, what is the share of sarmiento in the partnership profit?

a. 160,000

b. 220,000

c. 234,000

d. 240,000

Q2. If profit for the year was P300,000, what is the share of Caleon in the partnership profit?

a. 200,000

b. 186,000

c. 180,000

d. 174,000

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