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V . Distribution of net income by providing salaries, interest and bonus Use the following information for the next 3 questions. CLARA, MARA, & ANGELA.
V Distribution of net income by providing salaries, interest and bonus
Use the following information for the next questions.
CLARA, MARA, & ANGELA. The beginning capital contributions of the partners in the newly formed partnership are as follows: Clara, P; Mara, P; and Angela, P In its first nine months of operation, the partnership of Clara, Mara and Angela made a net income of P before providing for annual interest on beginning capital balances and monthly salary allowance of P P and P respectively. Mara is entitled to a bonus on net income before interest and salaries. Any remainder will be shared by the partners in the ratio of ::
Questions:
What is the share of Clara in the partnership profits?
What is the share of Mara in the partnership profits?
What is the share of Angela in the partnership profits
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