Prepare the entry to distribute the net income

Reference no: EM133608956

Question: The Osman & Iman Co. reports net income of $48.000, Interest allowances are Osman $6,000 and Iman $10.000: partner salary allowances are Osman $36,000 and Iman $20,000 and the remainder is shared equally Instructions Indicate the division of net income to each partner (2 + 2 - 4 marks), and prepare the entry to distribute the net income.

Reference no: EM133608956

Questions Cloud

Child exhibits challenging sexual behavior : What are the appropriate after-the-fact steps a caregiver should take when a child exhibits challenging sexual behavior?

Discuss issues that remain continuous across time : Discuss issues that remain continuous across time. How differences such as race, ethnicity, class, or even ideology have divided American women.

What is authors critique of housing privatization in us : What is the author's critique of housing privatization in the U.S., and what negative stereotypes have we created against public/social housing?

Explain the stop and frisk policy : Explain in detail the "Stop and Frisk" policy, the purpose, and the latent. The historical context of the policy, the population the policy intended to serve.

Prepare the entry to distribute the net income : Indicate the division of net income to each partner (2 + 2 - 4 marks), and prepare the entry to distribute the net income

Why it important for individuals and society to know history : Discuss the value of studying history for everyone, not just historians. Why it be important for individuals and society to know history behind current events?

Aspect of development during adolescence : Discuss at least one aspect of development during adolescence that relates to the issue you selected.

Discuss technology affects personal relationships : Which our friendship or romantic relationships are affected by technology, supporting each with a separate citation to an academic paper.

Discuss the value of studying history for everyone : Discuss the value of studying history for everyone, not just historians. Describe how knowledge of past historical event could help you better understand event.

User Account

All Pages