Bank Muzin entered into another mudharabah contract (Re- Mudharabah) with Company C to undertake a housing development project and they had agreed on the profit sharing ratio of 80 : 20 (Bank: Company C). Assume the following results of the venture: Year Profit / (Loss) 11 650,000 2 (500,000) 3 1,200,000 Determine the profit/loss of the above transactions that would be allocated for Csompany C based on Each Period method Year 1: profit/loss for Comapny C Year 2: profit/loss for Comapny C Year 3: profit/loss for Comapny C

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
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Chapter18: Corporations: Organization And Capital Structure
Section: Chapter Questions
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Bank Muzin entered into another mudharabah contract (Re-
Mudharabah) with Company C to undertake a housing development
project and they had agreed on the profit sharing ratio of 80: 20
(Bank: Company C).
Assume the following results of the venture:
Year
Profit / (Loss)
650,000
(500,000)
3.
1,200,000
Determine the profit/loss of the above transactions that would be
allocated for Csompany C based on Each Period method
Year 1: profit/loss for Comapny C
Year 2: profit/loss for ComapnyC
Year 3: profit/loss for Comapny C
Transcribed Image Text:Bank Muzin entered into another mudharabah contract (Re- Mudharabah) with Company C to undertake a housing development project and they had agreed on the profit sharing ratio of 80: 20 (Bank: Company C). Assume the following results of the venture: Year Profit / (Loss) 650,000 (500,000) 3. 1,200,000 Determine the profit/loss of the above transactions that would be allocated for Csompany C based on Each Period method Year 1: profit/loss for Comapny C Year 2: profit/loss for ComapnyC Year 3: profit/loss for Comapny C
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