Essay
Franco, Maria and Gomez entered into a partnership to buy a steel manufacturing plant. They agreed to distribute profits in the same proportion as their respective capital investments in the partnership. How will recent period's profit of $287 800 be allocated to Franco, if Franco's capital investment shows a balance of $34 million, Maria's shows $49 million and Gomez's shows $54.5 million?
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Franco : Maria : Gomez = 34 : ...View Answer
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