Capital and drawing activity of the partners for the year 20×1 are as follows: Beginning balance April 1. June 1. Sept 1. Nov 1. Assuming net income for 20×1 of P132,000 . Marie 120,000 20,000 (15,000) 30,000 (15,000) Paz 60,000 (20,000) 40,000 how much profit should be allocated to each partner? Problem 3: Marie, Paz and Love formed partnership

Sep 8, 2023

 

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Capital and drawing activity of the partners for the year 20×1 are as follows: Beginning balance April 1. June 1. Sept 1. Nov 1. Assuming net income for 20×1 of P132,000 . Marie 120,000 20,000 (15,000) 30,000 (15,000) Paz 60,000 (20,000) 40,000 how much profit should be allocated to each partner? Problem 3: Marie, Paz and Love formed partnership
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