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)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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