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Please help me . I'm so frustrated ! Question 3 of 10 1.5 / 2 E Your answer is partially correct. Nabb & Fry Co.reports
Please help me . I'm so frustrated !
Question 3 of 10 1.5 / 2 E Your answer is partially correct. Nabb & Fry Co.reports net income of $27,000. Interest allowances are Nabb $6,700 and Fry $4,000, salary allowances are Nabb $14,300 and Fry $10,000, 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).) Division of Net Income Nabb Fry Total Salary allowance $ ta 14300 TA 10000 $ 24300 Interest allowance 6700 4000 10700 Remaining excess/deficiency -4000 -4000 -8000 Total division of net income $ -8000 $ -8000 LA $ BU224_Section....docx 1/2 Your answer is partially correct. Nabb & Fry Co. reports net income of $29,000. Interest allowances are Nabb $6,200 and Fry $5,000, salary allowances are Nabb $15,200 and Fry $10,000, 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 eg. (15,000).) Division of Net Income Nabb Fry Total Salary allowance $ 15,200 10,000 $ 25200 Interest allowance 6200 5,000 11200 Remaining excess/deficiency 3700 3700 7400 Total division of net income $ 2500 $ 1300 $ 3800 e Textbook and Media Assistance UsedStep by Step Solution
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