Partners Jim and Joe have agreed to share profits and losses in an 80:20 ratio respectively, after Jim is allowed a salary allowance of Pi40,000 and Joe is allowed a salary allowance of P70,000. If...


Partners Jim and Joe have agreed to share<br>profits and losses in an 80:20 ratio<br>respectively, after Jim is allowed a salary<br>allowance of Pi40,000 and Joe is allowed a<br>salary allowance of P70,000. If the<br>partnership had net income of P140,000 for<br>2008, Joe's share of the income would be *<br>

Extracted text: Partners Jim and Joe have agreed to share profits and losses in an 80:20 ratio respectively, after Jim is allowed a salary allowance of Pi40,000 and Joe is allowed a salary allowance of P70,000. If the partnership had net income of P140,000 for 2008, Joe's share of the income would be *

Jun 09, 2022
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