Nabb & Fry Co. reports net income of $26,000. Interest allowances are Nabb $7,700 and Fry $5,900, salary allowances are Nabb $14,600 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		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Interest allowance		enter a dollar amount		enter a dollar amount		enter a dollar amount
Remaining excess/deficiency		enter a dollar amount		enter a dollar amount		enter a dollar amount
Total division of net income		$enter a total amount		$enter a total amount		$enter a total amount

Answer rating: 100% (QA)

Answer The calculation for the Remaining excess deficiency of Nabb Fry Net incom... View the full answer