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Question 44 Not yet answered Moreau invested $18,000 and Fereday invested $32,000 in a partnership. They agreed to share inco
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Answer #1

Your required answer is option B i.e. $37,940 to Moreau; and $42,060 to Fereday

Explanation:

Profit Before all Deduction Less: Salary of Partners Less: Interest on Investment Profit after salary and Interest on investm

Salary Interest on capital Profit share (A/2) Total Moreau Fereday $9,000 $12,000 $1,440 $2,560 $27,500 $27,500 $37,940 $42,0

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