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The Fig & Olive Co. reports net income of $24000. Interest allowances are Fig $3000 and Olive $5000; partner salary allowances are Fig $18000 and Olive $10000 and the remainder is shared equally.
Instructions
Indicate the division of net income to each partner and prepare the entry to distribute the net income.
Conditional Distribution
A statistical term that describes the distribution of a variable contingent on the value(s) of one or more other variables.
Employees
Individuals who work for someone else in exchange for financial or other compensation.
Age Group
A classification based on the age of individuals, often used in surveys and studies to analyze behaviors, preferences, or health outcomes within specific populations.
Clinic
A clinic is a healthcare facility that provides outpatient medical services, treatments, and consultations.
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