Use the following information below to answer this question. Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was ent...

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Attama's share of profit can be calculated using the following steps: Step 1: Determine the total profit to be shared between Attama and Wawa. The total profit is given as D34,000. Step 2: Calculate Attama's salary for the year. Attama's salary for the year is D13,000. Step 3: Determine the remaining profit to be shared between Attama and Wawa. The remaining profit is obtained by subtracting Attama's salary from the total profit: D34,000 - D13,000 = D21,000. Step 4: Determine the share of profit for Attama and Wawa using the profit-sharing ratio of 4:3. To do this, we first calculate the total of the profit-sharing ratio: 4 + 3 = 7 Then, we determine Attama's share of the profit: Attama's share = (4/7) x D21,000 = D12,000 Therefore, Attama's share of the profit is D12,000. Answer: D12,000