In its first year of operations, Alba & Company, a partnership, has a credit balance in its income summary account of P 20,000 before providing for salaries of P 5,000 and P 3,000 per annum for Alba and Bana, respectively, as stipulated in the partnership agreement. Capital contributions are as follows: Alba - 30,000 Bana - 20,000 Cada - 10,000 Assuming no profit and loss ratios are provided in the partnership agreement and there has been no change in the capital contributions during the year.

How much profit share would Alba be entitled to received?

Answer rating: 100% (QA)

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