The partnership agreement of Elidoro and Evangeline states that profits and losses will be divided as...

 

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The partnership agreement of Elidoro and Evangeline states that profits and losses will be divided as follows: 1. Salaries of P50,000 each 2. Interest at 10% on Capital Balance 3. Remainder to be shared equally The capital balance of Elidoro is P70,000 and Evangeline P85,000. Determine the share of each partner under the following assumptions: 1. the profit is P100,000 2. the profit is P142,750 The partnership agreement of Elidoro and Evangeline states that profits and losses will be divided as follows: 1. Salaries of P50,000 each 2. Interest at 10% on Capital Balance 3. Remainder to be shared equally The capital balance of Elidoro is P70,000 and Evangeline P85,000. Determine the share of each partner under the following assumptions: 1. the profit is P100,000 2. the profit is P142,750

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1 If Profit is P100000 Profit and Loss Appropriation Salaries By Pr... View the full answer