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WAEC Accounting 2018 Objective — Question 41

Question 41 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.

Obi's share of profit is

A. ₦8,960
B. ₦7,404
C. ₦4,936Correct
D. ₦3,296

Explanation

Obi's share of the remaining profit (2/5 of 12,340) = ₦4,936.

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