Anderson Macer And Bell Have Capital Balances Of 22 000 33 000 And 55 000 Respectively The Partners Share Profi 1 (19.84 KiB) Viewed 14 times
Anderson Macer And Bell Have Capital Balances Of 22 000 33 000 And 55 000 Respectively The Partners Share Profi 2 (34.1 KiB) Viewed 14 times
Anderson, Macer, and Bell have capital balances of $22,000, $33,000, and $55.000, respectively. The partners share profits and losses as follows a. The first $50,000 is divided based on the partners' captal balances b. The next $50,000 is based on service, shared equally by Anderson and Bell. Macer does not receive a salary allowance c. The remainder is divided equally Read the requirements Requirement 1. Compute each partner's share of the $112.000 net income for the year. (Complete all answer boxes. For amounts that are 50, make sure to enter "0" in the appropriate column) Anderson Macer Bell Total Net income (loss) Capital allocation: Anderson Macer Bell Salary allowance: Anden
Salary allowance: Anderson Macer Bell Total salary and capital allocation Net income (loss) remaining for allocation Remainder shared equally: Anderson Macer Bell Total allocation Net income (loss) remaining for allocation Net income (loss) allocated to the partners |||
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