EXERCISE 3 Arable, Babble and Cradle formed ABC Company with the following initial capital investments: Arable...

 

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EXERCISE 3 Arable, Babble and Cradle formed ABC Company with the following initial capital investments: Arable P100,000.00 Babble P200,000.00 Cradle P300,000,00 Compute the share in profits and losses where there is no agreement in the sharing. The company suffered a net loss of P780,000. EXERCISE 3 Arable, Babble and Cradle formed ABC Company with the following initial capital investments: Arable P100,000.00 Babble P200,000.00 Cradle P300,000,00 Compute the share in profits and losses where there is no agreement in the sharing. The company suffered a net loss of P780,000.

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To compute the share in profits and losses for each partner when there is no agreement in the sharin... View the full answer