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Daisy and Isabella are in partnership, sharing profits 3:2. On 1 July 2020 Clara joins the partnership. Under the new partnership agreement profits will be
Daisy and Isabella are in partnership, sharing profits 3:2. On 1 July 2020 Clara joins the partnership. Under the new partnership agreement profits will be shared by Daisy, Isabella and Clara 5:4:1 respectively with the following annual salaries. Isabella 28,000 pa Clara 34,000 pa Profit accrues evenly over the year. The partnership profit at 31 December 2020 was 650,000. What was the allocated profit as at 31 December 2020 for Daisy, Isabella and Clara? A. 230,500, 150,900, 51,600 B.342,000, 261,600, 46,400 c. 250,000, 170,900, 52,600 D. 260,500, 200,300, 60,200 The carrying amount of a company's non-current assets was 250,000 at 1 August 2020. During the year ended 31 July 2021, the company sold one of the non-current assets for 25,000 on which it made a loss of 5,000. The depreciation charge for the year was 20,000. What is the carrying amount of non-current assets at 31 July 2021? A. 150,000 OB.175,000 c. 180,000 D. 200,000
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