Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 6. partners manalo and capuno receive an interest

6. Partners Manalo and Capuno receive an interest allowance of P100,000 and P150,000, respectively, and...

50.1K

Verified Solution

Question

Accounting

image

6. Partners Manalo and Capuno receive an interest allowance of P100,000 and P150,000, respectively, and divide the remaining profits and losses in a 3:1 ratio. If the company sustained a loss of P110,000 during the year, what is the effect on Manalo's capital? a. P82,500 decrease b. P120,000 decrease P170,000 decrease d. P105,000 decrease

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2. WRKSHT 2 – High/Low Method Computations a. Determine the Cost Estimation Equations assuming i. Independent Variable...

Finance
Q

A portfolio has a market beta of 0.8, a factor loading of 1 to SMB and...

Finance
Q

- estimate the energy (in joule) produced from radioactivity over the Earth's lifetime. - Estimate the energy...

Physics
Q

Q4. Explain the concept of kinematic coefficients? Why do we need to “square” and “cube” the...

Mechanical Engineering
Q

Describe the charge flow in a forward-biased Schottky barrier diode

Electrical Engineering
Q

In the ppm lab, the dilution began with (Beaker 1) at what level of concentration?A....

Biology
Q

Sally invested some money at 15 % interest. Sally also invested $172 more than 3...

Basic Math
Q

Which of the following is an activity-based cost drivel? a) Number...

Accounting
Q

Question Content Area Average rate of return method, net present value method, and analysis for...

Accounting
Q

OLIVE The following are transaction incurred in clearing house on Sunday 18/3/2018: Checks Checks sent...

Accounting
Q

Discuta la diferencia entre cuentas "nominales" y "reales". Por qu se llaman as? Qu tipo...

Accounting
Q

please help me solve! Windsor Company exchanged machinery with an...

Accounting