[Maralmaa]

“Alex and Jose are in partnership. Under the terms of the partnership, alex is entitled to a salary of $4,000 per annum. In the year to 31 December 20X1, the net profit of the partnership was $20,000. Interest on capital and interest on drawings for the year have been calculated as: Alex Jose Interest on capital $2,000 $1,000 Interest on drawings $6,000 $2,000 What is the residual profit for the year to 31 December 20X1?
Select one:

a.
18000

b.
23000

c.
21000

d.
17000
pls help me

[Author]

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