You were given the following capital balances of the partners of Pinnacle Trading: Stephanie Php 10,000 Angel Php 20,000 Nichole Php 30,000 The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000 for the year, compute the share of Stephanie, Angel, and Nichole to the profit of the business.
You were given the following capital balances of the partners of Pinnacle Trading: Stephanie Php 10,000 Angel Php 20,000 Nichole Php 30,000 The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000 for the year, compute the share of Stephanie, Angel, and Nichole to the profit of the business.
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 12MC: Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at...
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You were given the following capital balances of the partners of Pinnacle Trading:
Stephanie Php 10,000
Angel Php 20,000
Nichole Php 30,000
The partners agreed to divide profit or loss in the ratio of their capital balances. If the
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