ibutionName:Program-Year-SectionMultiple Choices 1DateProfessor:ScoreVim Tak and Gu are partners in the KIMTAKGU partnership Tak, the generalpurely industrial partner. The partnership operations commenced on July 1, 20x1.From the period July 1 to end of the calendar year accounting period December 31,20sl: the partnership incurred a loss of P30,000. During the calendar year 20x2, thebusiness earned a profit of P240,000. So the total profit for the last two calendartter ofame asyear was only P210,000.er whoprofiCase 1. In the Articles of Partnership, it was agreed that the partners would share inprofits equally.artnersshould1. How much is the share of Kim from the loss during 20x1?a. P 30,000b. P 15,000c. P 10,000d. Not givenensive2. How much is the share of Tak from the loss during 20x1?a. P 30,000b. P 15,000c. P 10,000d. Not givenling tofits ore and3. How much is the share of Gu from the loss during 20x1?a. P 30,000b. P 15,000c. P 10,000d. Not given4. How much is the share of Kim from the profit during 20x2?a. P 80,000b. P 70,000C. P 60,000d. Not given01 MC87

Partnership is the association of two or more individuals who collaborate with a view to conduct…

Program- Year-Section: Multiple Choices I Kịm, Tak and Gu are partners in the KIMT partner, contributed P100,000, Gu, a limited pa a purely industrial partner. The partnership op From the period July 1 to end of the calendar- 20x1; the partnership incurred a loss of P30,00m business earned a profit of P240,000. So the year was only P210,000. Case 1. In the Articles of Partnership, it was a profits equally. 1. How much is the share of Kim from the loss a. P 30,000 b. P 15,000 c. P 10,000 d. Not given 2. How much is the share of Tak from the loss a. P 30,000 b. P 15,000 c. P 10,000 d. Not given 3. How much is the share of Gu from the loss a. P 30,000 b. P 15,000 c. P 10,000 d. Not given 4. How much is the share of Kim from the pr a. P 80,000 b. P 70,000 c. P 60,000 d. Not given