Post Utme Abu 2020 Accounting Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a 60% interest in the partnership and partner B has a 40% interest. The partnership has a net income of 100,000. What is partner B's share of the net income?

Answer Options

A. 40,000
Correct Answer B. 60,000
C. 40,000
D. 20,000
Correct Answer
B
Correct Option:
60,000

About This Question

This is Post Utme Abu 2020 Accounting Question 25. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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