Post Utme Coal City University 2020 Accounting Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 5 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners: John and Jane. The partnership agreement states that John will receive 60% of the profits and Jane will receive 40%. The partnership has a net income of 100,000. What is John's share of the profits?

Answer Options

Correct Answer A. 60,000
B. 70,000
C. 80,000
D. 90,000
Correct Answer
A
Correct Option:
60,000

About This Question

This is Post Utme Coal City University 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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