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Exercise 12-6
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|
Share to Debra
|
Share to Glen
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Total
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Allocation:
|
|
|
|
|
|
Salary allowances
|
|
$
100,000
|
|
0
|
$ 100,000
|
|
|
|
|
|
$
100,000
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Balance of net income
|
|
|
|
|
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Balance Equal Share
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$
16,000
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|
$
16,000
|
|
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OR $ 8,000
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50%
|
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50%
|
|
|
each share equally
|
|
8,000
|
|
$ 8,000
|
16,000
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Net income
|
|
|
|
|
$ 116,000
|
|
|
|
|
|
|
|
|
|
|
|
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