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The partnership reports profits of P80,000, net of P20,000 salaries and P30,000 interest and a bonus. The bonus is computed as 20% of profits after

The partnership reports profits of P80,000, net of P20,000 salaries and P30,000 interest and a bonus. The bonus is computed as 20% of profits after salaries and interest. Compute the amount of the bonus. a. P16,000 c. P26,000 b. P20,000 d. P32,500

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