Calculate the profit distribution based on the following methods: i. Equal profit sharing ii. Profit sharing...
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Calculate the profit distribution based on the following methods: i. Equal profit sharing ii. Profit sharing based on capital Partner Amin Jo Yee Shy Iman Total profit Interest Capital RM125000 RM120000 RM50000 RM70000 RM1200000 9% Additional investment RM5000 RM75000 RM55000 Salary RM20000 RM12000 RM9000 Calculate the profit distribution based on the following methods: i. Equal profit sharing ii. Profit sharing based on capital Partner Amin Jo Yee Shy Iman Total profit Interest Capital RM125000 RM120000 RM50000 RM70000 RM1200000 9% Additional investment RM5000 RM75000 RM55000 Salary RM20000 RM12000 RM9000
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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