Exercises Chapter 12 Homework: Week One Save HW Score: 30.95%, 1.86 of 6 pts 3 of 6 (2 complete) Score: 0 of 1 pt Question 3, S12-5 (similar to) Question Help Anderson, Martin, and Bryant have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Anderson and Bryant. Martin does not receive a salary allowanoe. c. The remainder is divided equally. Read the requirements. Requirement 1. Compute each partner's share of the $121,000 net income for the year. (Complete all answer boxes. For amounts that are $0, make sure to enter "O" in the appropriate column.) Anderson Martin Bryant Total Net income (loss) Capital allocation: Anderson Martin Enter any number in the edit fields and then click Check Answer. Homework: Week One Exercises Chapter 12 Save HW Score: 30.95%, 1.86 of 6 pts 3 of 6 (2 complete) Score: 0 of 1 pt Question 3,S12-5(similar to) Question Help Anderson, Martin, and Bryant have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Anderson and Bryant. Martin does not receive a salary allowanoe. c. The remainder is divided equally. Read the requirements. Net income (loss) Capital allocation: Anderson Martin Bryant Salary allowance: Anderson Martin Enter any number in the edit fields and then click Check Answer. Homework: Week One Exercises Chapter 12 Save HW Score:30.95%, 1.86 of 6 pts Score: 0 of 1 pt 3 of 6 (2 complete) Question 3,S12-5 (similar to) Question Help Anderson, Martin, and Bryant have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners' capital balances b. The next $50,000 is based on service, shared equally by Anderson and Bryant. Martin does not receive a salary allowance. c. The remainder is divided equally. Read the requirements. HIuerson Martin yant Salary allowance Anderson Martin ryant Total salary and capital allocation Enter any number in the edit fields and then click Check Answer Homework: Week One Exercises Chapter 12 Save HW Score: 30.95%, 1.86 of 6 pts 3 of 6 (2 complete) Score: 0 of 1 pt Question 3,S12-5 (similar to) Question Help Anderson, Martin, and Bryant have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners' capital balances b. The next $50,000 is based on service, shared equally by Anderson and Bryant. Martin does not receive a salary allowance. c. The remainder is divided equally. Read the requirements. Olal salary ana capilai aliocauan Net income (loss) remaining for allocation Remainder shared equally: Anderson Martin Bryant Total allocation Net income (loss) remaining for allocation Enter any number in the edit fields and then click Check Answer. Homework: Week One Exercises Chapter 12 Save HW Score: 30.95%, 1.86 of 6 pts 3 of 6 (2 complete) Score: 0 of 1 pt Question 3, S12-5 (similar to) Question Help Anderson, Martin, and Bryant have capital balances of $24,000, $36,000, and $60,000, respectively. The partners share profits and losses as follows: a. The first $50,000 is divided based on the partners' capital balances b. The next $50,000 is based on service, shared equally by Anderson and Bryant. Martin does not receive a salary allowance. c. The remainder is divided equally. Read the requirements, Remainder shared equally: Anderson Martin Bryant Total allocation Net income (loss) remaining for allocation Net income (loss) allocated to the partners Enter any number in the edit fields and then click Check
