Nadine and Liza formed a partnership on January 1, 2019 below the details of your capital accounts for 2019: On the saviour the partnership gathered a profit of 200,000. Determine the profit ratio and the share on profits for nadine and liza on the following agreements: If agreement based on capital contributions: Nadine's Profit ratio? Nadine's Share on profit? Liza's Profit ratio? Liza's Share on profit? If agreement based on average capital: Nadine's Profit ratio? Nadine's Share on profit? Liza's Profit ratio? Liza's Share on profit?
Nadine and Liza formed a partnership on January 1, 2019 below the details of your capital accounts for 2019: On the saviour the partnership gathered a profit of 200,000. Determine the profit ratio and the share on profits for nadine and liza on the following agreements: If agreement based on capital contributions: Nadine's Profit ratio? Nadine's Share on profit? Liza's Profit ratio? Liza's Share on profit? If agreement based on average capital: Nadine's Profit ratio? Nadine's Share on profit? Liza's Profit ratio? Liza's Share on profit?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nadine and Liza formed a
On the saviour the partnership gathered a profit of 200,000.
Determine the profit ratio and the share on profits for nadine and liza on the following agreements:
If agreement based on capital contributions:
Nadine's Profit ratio?
Nadine's Share on profit?
Liza's Profit ratio?
Liza's Share on profit?
If agreement based on average capital:
Nadine's Profit ratio?
Nadine's Share on profit?
Liza's Profit ratio?
Liza's Share on profit?
Transcribed Image Text:Nadine, Capital
Lysa, Capital
1-Jul
200,000
500,000
1-Jan
300,000
1-Jan
300,000
31-Dec
150,000
30-Apr
450,000
31-Dec
On the same year, the partnership generated a profit of P200,000.
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