Question
on Time left 3:24:08 Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022,
on Time left 3:24:08 Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022, the following information was provided: Alpha's capital Omega's capital Omega's salary Alpha's drawings Omega's drawings Alpha's interest on capital Omega's interest on capital Alpha's interest on drawings $360,000 $240,000 $2,500 per month (from January 1, 2022) $20,000 $25,000 10% 10% 5% 5% Omega's interest on drawings Net profit for the period ended July 31, 2022 - $53,250. There is no profit sharing ratio. Calculate the profit or loss apportioned to each partner. Oa. $9,750 loss O b. $9,750 profit Oc. $11,000 loss d. $11,000 profit 99+ on Time left 3:24:08 Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022, the following information was provided: Alpha's capital Omega's capital Omega's salary Alpha's drawings Omega's drawings Alpha's interest on capital Omega's interest on capital Alpha's interest on drawings $360,000 $240,000 $2,500 per month (from January 1, 2022) $20,000 $25,000 10% 10% 5% 5% Omega's interest on drawings Net profit for the period ended July 31, 2022 - $53,250. There is no profit sharing ratio. Calculate the profit or loss apportioned to each partner. Oa. $9,750 loss O b. $9,750 profit Oc. $11,000 loss d. $11,000 profit 99+
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