Post Utme Wellspring University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ACCOUNTING • objective

A partnership has three partners: A, B, and C. A has a 40% interest in the partnership, B has a 30% interest, and C has a 30% interest. If the partnership has a profit of ₦ 120,000, how much will each partner receive?

Answer Options

Correct Answer A. A: ₦ 48,000, B: ₦ 36,000, C: ₦ 36,000
B. A: ₦ 48,000, B: ₦ 36,000, C: ₦ 36,000
C. A: ₦ 48,000, B: ₦ 36,000, C: ₦ 36,000
D. A: ₦ 48,000, B: ₦ 36,000, C: ₦ 36,000
Correct Answer
A
Correct Option:
A: ₦ 48,000, B: ₦ 36,000, C: ₦ 36,000

About This Question

This is Post Utme Wellspring University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Wellspring University Accounting examination.

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