- Problem 47 Daboy Bong And Haji Formed Hbd Partnership In Year 2020 In Year 2021 The Partnership Reported A Profit Of 1 (161.93 KiB) Viewed 11 times
Problem 47: Daboy, Bong and Haji formed HBD partnership in year 2020, In year 2021, the partnership reported a profit of P320,000. According to the partnership agreement, partnership profits and losses are to be distributed as follows: Daboy 100,000 Bong 120,000 Haji 60,000 Salary allowances Bonus on net income 10% 5% 10% 60% Remainder (if positive) 30% 10% 30% 40% 30% Remainder (if negative) How should the partnership net income for 2021 be allocated to Daboy, Bong and Haji, respectively? PARTNERSHIP OPERATION 86 Daboy Bong Haji Daboy Bong Haji a. 192,000 120,000 80,000 96,000 32,000 C. 120,000 128,000 76,000 d. 132,000 b. 116,000 136,000 92,000