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Amy and Emma have been in partnership for a number of years, investing capital of 156,000 and 50,000 respectively. Details of the appropriation of partnership

Amy and Emma have been in partnership for a number of years, investing capital of 156,000 and 50,000 respectively. Details of the appropriation of partnership profits are as follows: Amy Emma Annual salary 65,000 35,000 Share of 35% 65% residual profit Interest on capital 10% 5% If the profit for the year before appropriation was 300,000, what would Emma's entitlement in total be? 155,735 154,235 120,735 None of these answers

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