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Question 25 30 570.000 Thell & Fril Co reports net income of $42.000. At the beginning of the year had a partre's capital are Frill
Question 25 30 570.000 Thell & Fril Co reports net income of $42.000. At the beginning of the year had a partre's capital are Frill had a partner's capital balance of $25.000. Interest on partner's capital is 4% and is computed song beginning of the year. Partner salary allowances are $18.000 and Fril $10.000 and the remainder shared Instructions Indicate the division of net income to each partner, and prepare the entry to distribute the net income frete Entry in THIS question Division of Net Income is submitted in part 1 of this question on Canvas IEEE
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