12.1 Nickleby, Copperfield and Drood have traded as equal partners for many years, making up accounts to
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12.1 Nickleby, Copperfield and Drood have traded as equal partners for many years, making up accounts to 31 December each year. As from 1 April 2009 they agree to share profits in the ratio 1:2:2. The adjusted trading profit for the year to 31 December 2009 is
£18,300. Show how this profit is allocated between the partners.
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