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Your answer is partially correct. Nabb & Fry Co.reports net income of $28,000. Interest allowances are Nabb $7,400 and Fry $5,900, salary allowances are Nabb
Your answer is partially correct. Nabb & Fry Co.reports net income of $28,000. Interest allowances are Nabb $7,400 and Fry $5,900, salary allowances are Nabb $14,000 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).) Division of Net Income Nabb Fry Total Salary allowance $ 7400 $ 5900 $ 13300 Interest allowance 14000 10900 14900 Remaining excess/deficiency 21400 16800 38200 Total division of net income $ $ $ 28000 e Textbook and Media Save for Later Attempts: 1 of 5 used Submit
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