Post Utme Afe Babalola University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A partnership has two partners, A and B. Partner A has a 60% interest in the partnership, while partner B has a 40% interest. If the partnership has a net income of ₦120,000, how much will partner A receive as their share of the net income?

Answer Options

Correct Answer A. ₦72,000
B. ₦48,000
C. ₦60,000
D. ₦80,000
Correct Answer
A
Correct Option:
₦72,000

About This Question

This is Post Utme Afe Babalola University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Accounting examination.

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