Questions 25 to 28 The partners of Dricia and Drenz are engaged in trading. Dricia's original capital was 40,000 and Drenz was 60,000. They agree to share profits and losses as follows: Dricia Drenz As salaries As interest on original capital 28,000 40,000 10% 10% Remaining profits and losses 30% 70% 24. If the profits for the year reached 120,000, what share of the profits would Dricia receive? А. 44,600 В. 46,400 C. 57,400 D. 75,600 25. If the profits for the year amounted to 40,000, what share of the profits would Drenz receive? 26,000 В. 20,600 C. 19,800 D. 19,400 26. If the losses for the year amounted to 20,000, what share of the loss would Dricia receive?| A. (2,600) В. (22,600) C. (2,600) D. (5,200) 27. If the profit for the year were 30,000, what share of the profit would Dricia receive? А. 17,600 В. 17,400 C. 12,400 D. (12,400)
Questions 25 to 28 The partners of Dricia and Drenz are engaged in trading. Dricia's original capital was 40,000 and Drenz was 60,000. They agree to share profits and losses as follows: Dricia Drenz As salaries As interest on original capital 28,000 40,000 10% 10% Remaining profits and losses 30% 70% 24. If the profits for the year reached 120,000, what share of the profits would Dricia receive? А. 44,600 В. 46,400 C. 57,400 D. 75,600 25. If the profits for the year amounted to 40,000, what share of the profits would Drenz receive? 26,000 В. 20,600 C. 19,800 D. 19,400 26. If the losses for the year amounted to 20,000, what share of the loss would Dricia receive?| A. (2,600) В. (22,600) C. (2,600) D. (5,200) 27. If the profit for the year were 30,000, what share of the profit would Dricia receive? А. 17,600 В. 17,400 C. 12,400 D. (12,400)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Transcribed Image Text:4:11
91%
Done
20
В.
24,000 and 16,000
C. 12,000 and 8,000
D. 48,000 and 32,000
Questions 25 to 28
The partners of Dricia and Drenz are engaged in trading. Dricia's original capital was 40,000 and
Drenz was 60,000. They agree to share profits and losses as follows:
Dricia
Drenz
As salaries
As interest on original capital
28,000
40,000
10%
10%
Remaining profits and losses
30%
70%
24. If the profits for the year reached 120,000, what share of the profits would Dricia receive?
A. 44,600
В. 46,400
C. 57,400
D. 75,600
25. If the profits for the year amounted to 40,000, what share of the profits would Drenz
receive?
A. 26,000
В. 20,600
C. 19,800
D. 19,400
26. If the losses for the year amounted to 20,000, what share of the loss would Dricia
receive?|
A. (2,600)
В. (22,600)
C. (2,600)
D. (5,200)
27. If the profit for the year were 30,000, what share of the profit would Dricia receive?
A. 17,600
B. 17,400
C. 12,400
D. (12,400)
28. If the net asset of the partnership is 250,000, and the total partnership liability is 350,000,
the partnership total capital would be
A. 600,000
B. 350,000
C. 325,000
D. 275,000
29. If the partnership cash is 25,000, the net asset are 250,000, and the total claim of
outside creditors is 200,000, the total amount of the partnership's noncash asset would
Full text: 11097
С. 325,000
Aa
DO
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