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Use the information below to answer the question that follows: Jide and Haruna c...


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Use the information below to answer the question that follows:

Jide and Haruna contribute ₦12000 each as capital and share profit equally. Jide draws ₦1500 and Haruna ₦1700 half-yearly. The profit for the year is ₦10000. Jide receives a salary of ₦2000.

Calculate the profit available for appreciation?

Options

A) ₦12 000

B) ₦10 000

C) ₦8 000

D) ₦7 000

The correct answer is C.


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