Page 42 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0644%u0649 %u062d%u0642 %u0627%u0644%u0645%u0624%u0644%u0641 42 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u0629Example (3)A, B, & C started their business on 1/1/2019 with capital balances $30,000, $40,000, & 50,000respectively. The following table summarizes the additions & withdrawals on their capital balances during the year:Partner Additions Reductions DateA 10,000 --- 1/10B 20,000 --- 1/4B --- 10,000 1/11C --- 5,000 1/7By the end of the year, the company realized Net Income of $41,000 and the agreement among the partners stated the following: 1- To allow an Interest of 12% on the weighted average capital balances.2- To allow an annual salary of $10,000 to Partner %u201cA%u201d.3- To allow a bonus of $5,000 for partner %u201cB%u201d.4- To allocate Profit or Loss at a ratio of 1 : 2 : 2 respectively.Required: prepare income allocation schedule. 1- Distributable income = 41,0002- Prepare distribution factors:WA capital balance for partner (A) WA capital balance for partner (B) WA capital balance for partner (C)9 31/1 1/10 31/12+ 10,00030,000 40,0003 7 21/1 1/4 1/11+ 20,000 - 10,00040,000 60,000 50,0006 61/1 1/7 31/12- 5,00050,000 45,00030,000 %u00d7 9 = 22,500 1240,000 %u00d7 3 = 10,000 1232,50040,000 %u00d7 3 = 10,000 1260,000 %u00d7 7 = 35,000 1250,000 %u00d7 2 = 8,333 1253,33350,000 %u00d7 6 = 25,000 1245,000 %u00d7 6 = 22,500 1247,5001) Interest on capital 2) SalariesA = 32,500 %u00d7 12% = 3,900B = 53,333 %u00d7 12% = 6,400C = 47,500 %u00d7 12% = 5,70016,000Annual salary for partner (A) = 10,0003) Bonus (B) 4) Remainder= 5,000 (given) = 41,000 - 16,000 - 10,000 - 5,000 = 10,000A = 10,000 %u00d71 = 2,000 5B = 10,000 %u00d72 = 4,000 5C = 10,0002 = 4,000 510,00040