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Thankyouuuuu please show complete solution Multiple Choice 1 . Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratio of 3:2:1. The partnership

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Multiple Choice 1 . Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratio of 3:2:1. The partnership agreement provides for 8% interest on capital and a salary for Manongsong of P80,000 per annum. Profit for 2019 was P840,000 and the year- end balances on partners' capital accounts are as follows: Ceradoy, P200,000; Manongsong, P150,000 and Anuran, P120,000. What was Anuran's share of residual profits for 2019? a. P120,400 b. P126,670 C. P130,000 d. P140,000 Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and close their accounts on June 30 each year.On Jan. 1, 2019, Castro joined the partnership. The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro 25%, after providing for annual salaries as follows: Baral, P20,000 and Castro, P12,000. The partnership profit for the year ended June 30, 2019 was P480,000, accruing evenly over the year. What are the partners' total share in profits for the year ended June 30, 2019? Malaluan Baral Castro a. P256,000 P162,000 P62,000 b. P248,000 P168,000 P64,000 P264,000 P166,000 P66,000 an P264,000 P156,000 P60,000 3. Refozar, Martinez and Magsino formed a partnership. It's on a calendar year basis. The profit-sharing arrangements are as follows: Until June 30, 2019, the annual salaries are provided as follows: Martinez, P40,000 and Magsino, P20,000. The residual profit will be shared in the ratio of 6:2:2. From July 1, 2019, the salaries will be discontinued and the profit to be divided in the revised ratio of 5:3:2. Profit for the year ended Dec. 31, 2019 was P400,000 before charging partners' salaries, accruing evenly through the year, and after charging an expense of P40,000, which it was agreed related wholly to the first six months of the year. How should the profit for the year be divided among the partners? Refozar Martinez Magsino P182,000 P130,000 P88,000 P200,000 P116,000 P84,000 2-32 | WIN Ballada's Partnership and Corporation Accounting P198,000 A d. P180,000 P118,000 P88,000 P132,000 P88,000

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