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In a bonus issue of one new share for every four held, a holder of 100,000 shares will get additional shares of
A50,000
B25,000
C20,000
D10,000
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Question 22
waec2000
Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are N60,000 and N40,000 respectively. Profit for the year is N20,000. Interest on capital is 10%. What is Williams' interest on capital?
AN10,000
BN7,000
CN6,000
DN4,000
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Question 23
waec2000
Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are N60,000 and N40,000 respectively. Profit for the year is N20,000. Interest on capital is 10%. If Williams introduces cash of N10,000 by way of loan to the partnership, how much interest will he earn per annum on the loan?
AN2,000
BN1,500
CN1,000
DN500
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Question 24
waec2000
Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are N60,000 and N40,000 respectively. Profit for the year is N20,000. Interest on capital is 10%. What is Jacob's share of profit?
AN10,000
BN8,000
CN5,000
DN4,000
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Question 25
waec2000
Williams and Jacob are in partnership but there is no partnership agreement. The capital contributed are N60,000 and N40,000 respectively. Profit for the year is N20,000. Interest on capital is 10%. What is Williams' share of profit?
