QUESTION 1 Janet and John are partners sharing profits 60:40. For the years ended 30 June 2019 and 2020 the partnership made profits of 100,000 and 150,000 respectively. John's taxable trading profits in 2009/10 are: O A 30,000 O A 40,000 A 50,000 A 60,000 QUESTION 2 Profits are divided in accordance with the profit sharing arrangements that existed during the period of account in which the profits arose. True False QUESTION 3 Pote and Doug have been partners for many years, sharing profits equally. On 1 January 2019 Dave joins the partnership and it is agreed to share profits 40:40:20. For the year ended 30 June 2019 profits are 100,000. Doug's share of these profits is: 42,500 45,000 47,500 50,000