A, B, and C are partners sharing profits and losses in the ratio of 1:3:2 respectively. On May 31, 2022, Partner C suffe
Posted: Mon May 30, 2022 8:06 am
A, B, and C are partners sharing profits and losses in the ratio
of 1:3:2 respectively. On May 31, 2022, Partner C suffered from a
terminal illness that pushed him to retire. Their capital balance
before retirement are as follows: A- P500,000, B-P750,000 and
C-P150,000. Profit for the year 2022 were P156,000 which was earned
evenly throughout the year. If C took home P180,000, how much bonus
was involved in the retirement?
of 1:3:2 respectively. On May 31, 2022, Partner C suffered from a
terminal illness that pushed him to retire. Their capital balance
before retirement are as follows: A- P500,000, B-P750,000 and
C-P150,000. Profit for the year 2022 were P156,000 which was earned
evenly throughout the year. If C took home P180,000, how much bonus
was involved in the retirement?