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Nabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $7,500 and Fry $4,600, salary allowances are Nabb $15,100 and Fry
Nabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $7,500 and Fry $4,600, salary allowances are Nabb $15,100 and Fry $10,400, 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 eg.-15,000 or parenthesis e.g. (15,000).) Salary allowance Interest allowance Remaining excess/deficiency Total division of net income $ Division of Net Income Nabb Fry Total
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