X and Y are in partnership, sharing profits in the ratio 2:1 and compiling their financial statements to 30 June each
year. On 1 January 2004 Z joined the partnership, and it was agreed that the profit-sharing arrangement should become
X 50%, Y 30% and Z 20%.
The profit for the year ended 30 June 2004 was $540,000, after charging an expense of $30,000 which it was
agreed related to the period before 1 January 2004. The profit otherwise accrued evenly over the year. What is X’s total profit share for the year ended 30 June 2004? A $305,000
B $312,500
C $315,000
D $295,000 B [2/3 x 1/2 x (540,000 + 30,000)] – 20,000 + (50% x 285,000)
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发表于 2008-5-17 09:55
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