Calculate the profit available for appreciation?
Use the information below to answer question
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.
Calculate the profit available for appreciation?
A N12 000
B N10 000
C N8 000
D N7 000
Answer is C
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