Question: Partners A and B share in profits and losses equally after salaries of P100,000 for A and P60,000 for B. The business earned a profit

Partners A and B share in profits and losses equally after salaries of P100,000 for A and P60,000 for B. The business earned a profit of P200,000 before deduction for the salaries. Requirements: a.Compute for the partners respective shares in profit

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