Use the information below to answer question Jide and Haruna contribute N12000 each as capital...
FINANCIAL
JAMB 2005
Use the information below to answer question
Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Haruna N1700 half-yearly. The profit for the year is N10000. Jide receives a salary of N2000.
Calculate the profit available for appreciation?
- A. N12 000
- B. N10 000
- C. N8 000
- D. N7 000
Correct Answer: C. N8 000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *