this one is the other side of the chart
Answer in this format please
Solution:
Schedule of Divison of income | ||||
Particulars | Mo | Lu | Barb | Total |
Net Income (Loss) | $4,60,500 | |||
Balance allocated Equally | $1,53,500 | $1,53,500 | $1,53,500 | $4,60,500 |
balance of Income (Loss) | $0 | |||
shares to partners | $1,53,500 | $1,53,500 | $1,53,500 | $4,60,500 |
Schedule of Divison of income | ||||
Particulars | Mo | Lu | Barb | Total |
Net Income (Loss) | $4,60,500 | |||
Balance allocated in proportion to initial capitals | $41,445 | $1,61,175 | $2,57,880 | $4,60,500 |
balance of Income (Loss) | $0 | |||
shares to partners | $41,445 | $1,61,175 | $2,57,880 | $4,60,500 |
Schedule of Divison of income | ||||
Particulars | Mo | Lu | Barb | Total |
Net Income (Loss) | $4,60,500 | |||
Salary Allowance | $80,800 | $60,600 | $91,000 | $2,32,400 |
balance of Income (Loss) | $2,28,100 | |||
Interest Allowance | $6,930 | $26,950 | $43,120 | $77,000 |
balance of Income (Loss) | $1,51,100 | |||
Balance Allocated | $30,220 | $60,440 | $60,440 | $1,51,100 |
Balance of Income (loss) (20%:40%:40%) | $0 | |||
shares to partners | $1,17,950 | $1,47,990 | $1,94,560 | $4,60,500 |
this one is the other side of the chart Answer in this format please Required information...
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