Mariam, Sabah and Fatima are partners with capital balances of $40,000, $60,000 and $50,000 respectively. They...
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Mariam, Sabah and Fatima are partners with capital balances of $40,000, $60,000 and $50,000 respectively. They find that Atrah, a new partner, is a talented engineer with an experience useful for the company. Afrah accepts joining them as a new partner and ready to contribute $10,000 for an equity share of 25% Afrah's capital balance would be: CA $2,500 OF $37,500 OC $10,000 OD. $40,000 Mariam, Sabah and Fatima are partners with capital balances of $40,000, $60,000 and $50,000 respectively. They find that Atrah, a new partner, is a talented engineer with an experience useful for the company. Afrah accepts joining them as a new partner and ready to contribute $10,000 for an equity share of 25% Afrah's capital balance would be: CA $2,500 OF $37,500 OC $10,000 OD. $40,000
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Atrahs 10000 equity share would be 40000 Fatima and Mariam have capital balances of 50000 and 60000 respectively Mariam and Fatima want to add Atrah as a partner Atrah is an experienced engineer with a useful skill set for the company Afrah has no debt or equity in the company at this point in time so her capital balance ... View the full answer
Related Book For
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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