Banzon and Borja are partners in B&B Enterprises. Partnership profits and losses are allocated as follows: Salaries - P160,000 and P200,000 to Banzon and Borja, respectively • 10% interest on the beginning capital balances Any remaining profit is divided equally At the beginning of the year, their capital balances are: P360,000 for Banzon and P600,000 for Borja. What portion of the partnership income of P600,000 will be allocated to Banzon?

Banzon and Borja are partners in B&B Enterprises. Partnership profits and losses are allocated as follows: Salaries - P160,000 and P200,000 to Banzon and Borja, respectively • 10% interest on the beginning capital balances Any remaining profit is divided equally At the beginning of the year, their capital balances are: P360,000 for Banzon and P600,000 for Borja. What portion of the partnership income of P600,000 will be allocated to Banzon?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 54P

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