Question
Themba, Thato and Kent are partners in TTK Films. Capital contributions were R280 000, R200 000 and R150 000,00 respectively. The total profit for the
Themba, Thato and Kent are partners in TTK Films. Capital contributions were R280 000, R200 000 and R150 000,00 respectively. The total profit for the year amounted to R125 000. The partners share profit in the ratio 4:3:2 respectively.
Which of the following alternatives is the correct amount for the profits allocated to Kent?
A.
R 27 778,00
B.
R12 000,00
C.
R 41 667,00
D.
R 55 556,00
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The Operational Auditing Handbook Auditing Business And IT Processes
Authors: Andrew Chambers, Graham Rand
2nd Edition
0470744766, 978-0470744765
