Question 18Dima and Vivian are partners sharing profit in the ratio of 3: 2. They admit Asma as a new partner for 1/5 share in profit. the new profit-sharing ratio forVivian is75%O 20%32%O 42%A Moving to another question will save this response.«< Question 18 of 22 >>11:36 AMe here to search37°C Haze ^ E a q»)9/1/2021DELLHoreF6F9F10F11F12PrtScrInsertDeleteF3F4F6F7F8ESNumLock&Backspace/ 3 rr /P :Ws; E 3YRF 1G yKD IJEnterV }ВУNTMShiftAltCtrl

Remaining profit sharing ratio = 100 - profit-sharing ratio of the new partner = 100 - (100/5) = 80%

Dima and Vivian are partners sharing profit in the ratio of 3: 2. They admit Asma as a new partner for 1/5 share in profit. the new profit-sharing ratio for Vivian is 75% 20% 32% O 42% 18 of 22 о ооо

Dima and Vivian are partners sharing profit in the ratio of 3: 2. They admit Asma as a new partner for 1/5 share in profit. the new profit-sharing ratio for Vivian is 75% 20% 32% O 42% 18 of 22 о ооо

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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