Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratio of 3:2:1, The partnership agreement provides for 8% interest on capital and a salary for Manongsong of P80,000 per...




Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratio of 3:2:1, The partnership agreement provides for 8% interest on capital and a salary for Manongsong of P80,000 per annum. Profit for 2019 was P840,000 and the year -end balances on partners' capital accounts are as follows: Ceradoy, P200,000, Manongsong, P150,000 and Anuran, P120,000. What was Anuran's share of the residual profits for 2019? *


5 points




















a. P120,400


















b. P126,670


















c. P130,000


















d. P140,000









Jun 03, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions ยป

Submit New Assignment

Copy and Paste Your Assignment Here