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Troy, Reyner and Aivan are partners sharing profits on a 5:3:2 ratio. On January 1, 2019, MJ was admitted into the partnership with a 20%
Troy, Reyner and Aivan are partners sharing profits on a 5:3:2 ratio. On January 1, 2019, MJ was admitted into the partnership with a 20% share in profits. The old partners continue to participate in profits in their original ratios. For the year 2019, the partnership book showed a net income of P25, 000. It was disclosed, however, that the following errors were committed: How much is the share of partner Troy in the 2019 corrected net income? Question 17Answer P 12, 500 P 9, 400 P 11, 750 P 10, 000
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