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Can you please solve the question as soon as possible? Nabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $6,400 and
Can you please solve the question as soon as possible?
Nabb \& Fry Co. reports net income of $25,000. Interest allowances are Nabb $6,400 and Fry $4,400, salary allowances are Nabb $14,900 and Fry $10,900, and 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).)Step by Step Solution
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