11:29 Mon 24 Jun 38% learn2.open.ac.uk B291-19D Home > Week 10 > iCMA 43 - WEEK - 10 Unit 4 From the trial balance (continued) Unit 4 resources Assessment Booklet iCMA 43 Questions i 2 Question 14 Not yet answered Marked out of 1.00 Flag question 3 4 5 Colin, Fareed and Naomi have established a partnership. The partnership agreement states that: 6 8 the partners share residual profits in the ratio of 3:4:5 respectively interest on capital is five per cent 9 10 11 . interest on drawings is ten per cent . Fareed receives a salary of $20,000 per annum. 12 13 14 The balances on the partners' capital accounts during 20X8 were as follows: Colin E35,000, Fareed E40,000 and Naomi $45,000. 15 16 17 Drawings during 20X8 were as follows: Colin E10,000, Fareed 10,000 and Naomi E20,000. 18 19 20 Profit for theyear ended 31 December 20X8 was $330,000. What are the partners' shares in the residual profits for 20X8? Finish attempt ... Select one: Colin E77,000, Fareed E102,667 and Naomi E128,333 Colin E82,500, Fareed E110,000 and Naomi E137,500 O Colin E83,500, Fareed E111,333 and Naomi E139, 167 O Colin $77,750, Fareed E123,667 and Naomi E128,583