Post Utme Bowen University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_BOWEN_UNIVERSITY • 2022 • 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 10,000. Calculate the share of net income for each partner.

Answer Options

Correct Answer A. Partner A: 6,000, Partner B: 4,000
B. Partner A: 4,000, Partner B: 6,000
C. Partner A: 5,000, Partner B: 5,000
D. Partner A: 7,000, Partner B: 3,000
Correct Answer
A
Correct Option:
Partner A: 6,000, Partner B: 4,000

About This Question

This is Post Utme Bowen University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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