Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Haruna N1700 half-yearly. The profit for the year is N10000. Jide receives a salary of N2000.
A. N12 000
B. N10 000
C. N8 000
D. N7 000
Correct Answer:
Option C – N8 000
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