3 : A. In A Mudaraba contract , IFI contributed BD 150,000 to establish a company with Mr. Mohammed , the profit - sharing ratio was 60:40 Evaluate the two cases . 1 ) If after the first year the Mudaraba generate a profit of BD 90,000 , what's Mr. Mohamed share on profit out of this Mudaraba Answer : 2 ) If after the first year the Mudaraba had a Loss of BD 50,000 what's the impairment loss of the project investment incurred by IFI . Answer :

3 : A. In A Mudaraba contract , IFI contributed BD 150,000 to establish a company with Mr. Mohammed , the profit - sharing ratio was 60:40 Evaluate the two cases . 1 ) If after the first year the Mudaraba generate a profit of BD 90,000 , what's Mr. Mohamed share on profit out of this Mudaraba Answer : 2 ) If after the first year the Mudaraba had a Loss of BD 50,000 what's the impairment loss of the project investment incurred by IFI . Answer :

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 55P

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