Post Utme Covenant University 2021 Accounting Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 39 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Covenant University 2021 Accounting Question 39. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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