ACUUNTING PINIPLES (AC 1101/1201/1162) Assignment Gradebook ORION Downloadable e

Question

ACUUNTING PINIPLES (AC 1101/1201/1162) Assignment Gradebook ORION Downloadable eTextbook nt FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 12-5 Nabb & Fry Co, reports net income of $26,200. Interest allowances are Nabb $6,000 and Fry $5,200, salary alowances are Nab $15,700 and Fry $10,700, 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 Interest allowance Remaining deficiency Total division of net income Question Attempts: 0 of 10 used SAVE FOR LATERSUBMIT ANSWER Version 4.24.5.I vacy Policy 2000-2018 JohnWiley & Sons. Inc. All Rights Reserved. A Division of John Wiley & Sons Inc.

Explanation / Answer

Division of net income :

Nabb Fry Total Salary allowance 15700 10700 26400 Interest allowance 6000 5200 11200 Remaining deficiency (5700) (5700) (11400) Total division of net income 16000 10200 26200

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