Reference no: EM132748142

Question - ABC partnership profit sharing A 60- B40 C industrial partner. 10% salary. Total Capital 1M Bonus A 20,000 B 10,000 Net income 200,000. Loss 100,000 Compute for profit and loss sharing or remaining balance. 2. DEF partnership profits and loss based on their capital contribution. Total capitalization 1,500,000. D-800,000 E- 500,000 F- 200,000 as industrial partner with salary of 5%. Interest D- 15% E 20%. Net income P600,000, Net loss 200,000 . Compute for profit and loss sharing or remaining balance, 3. XYZ partnership sharing of profits and loss X- 1/3 Y 2/3. Total Capital 2M. Z- Industrial partners 20% salary. Interest X- 10% Y-15%.. Bonus X-25,000. Y- 30,000. Net income 800,000 , Net Loss 300,000.

Required - Compute the profit and loss sharing or remaining balance of each number 1-3. Need to prepare in tables for profits and loss. You have to submit 6 tables in all 3- profit and 3 losses.