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Brief Exercise 12-5 Nabb & Fry Co. reports net income of $27,200. Interest allowances are Nabb $5,700 and Fry $4,700, salary allowances are Nabb
Brief Exercise 12-5 Nabb & Fry Co. reports net income of $27,200. Interest allowances are Nabb $5,700 and Fry $4,700, salary allowances are Nabb $14,300 and Fry $10,900, the remainder is shared equally. Show the distribution of income. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) Salary allowance Interest allowance Remaining deficiency Total division of net income LINK TO TEXT Division of Net Income Nabb Fry Total
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