ANSWER THE ATTACHED PIC PLEASE, THANKS In the calendar year 2020, the partnership of...
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ANSWER THE ATTACHED PIC PLEASE, THANKS
In the calendar year 2020, the partnership of A & B realized a net profit of P240,000. The capital accounts of the partners show the following postings: A. Capital B. Capital Date Debit Credit Debit Credit Jan. 1 P120,000 P80,000 May 1 P20,000 P10,000 P20,000 July 1 Aug. 1 P10,000 Oct. 1 P10,000 P5,000 If the profits are to be divided based on average capital, the share of A is Choose... Choose... If the profits are to be divided based on average capital, the share of B is If 20% interest based on the capital at the end of the year is allowed and given and the balance of the P240,000 profit is divided equally, the total share of A is If 20% interest based on the capital at the end of the year is allowed and given and the balance of the P240,000 profit is divided equally, the total share of B is Choose.... Choose
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