The partners of Dan and Ken are engaged in trading. Dan’s original capital was P40,000 and Ken ‘s was P60,000. They agreed to share profits and losses as follows: Dan Ken Salaries Php28,000 Php40,000 Interest on original capital 10% 10% Balance 30% 70% _______ If the losses for the year were P20,000, what share of the loss would Ken receive? a.P2,600 c. ( P2,600) b.(P22,600) d. P5,200
The partners of Dan and Ken are engaged in trading. Dan’s original capital was P40,000 and
Ken ‘s was P60,000. They agreed to share
Dan Ken
Salaries Php28,000 Php40,000
Interest on original capital 10% 10%
Balance 30% 70%
_______ If the losses for the year were P20,000, what share of the loss would Ken receive?
a.P2,600 c. ( P2,600)
b.(P22,600) d. P5,200
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