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  • Pineridge Consulting Associates Is A Partnership and Its Owners Are

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    Miroslav Gegoski
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    Pineridge Consulting Associates is a partnership considering admitting a new partner, Helen Fluery. The document provides information on the capital accounts and profit/loss shares of the three existing partners as of March 31, 2017 and requests journal entries be made for three situations involving Fluery's admission as a partner, either purchasing an existing partner's interest or investing in the partnership.

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    Pineridge Consulting Associates is a Partnership and Its Owners Are

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    Pineridge Consulting Associates is a Partnership and Its Owners Are

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    Pineridge Consulting Associates is a partnership considering admitting a new partner, Helen Fluery. The document provides information on the capital accounts and profit/loss shares of the three existing partners as of March 31, 2017 and requests journal entries be made for three situations involving Fluery's admission as a partner, either purchasing an existing partner's interest or investing in the partnership.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    25 views1 page

    Pineridge Consulting Associates Is A Partnership and Its Owners Are

    Uploaded by

    Miroslav Gegoski
    Pineridge Consulting Associates is a partnership considering admitting a new partner, Helen Fluery. The document provides information on the capital accounts and profit/loss shares of the three existing partners as of March 31, 2017 and requests journal entries be made for three situations involving Fluery's admission as a partner, either purchasing an existing partner's interest or investing in the partnership.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Pineridge Consulting Associates is a partnership and its

    owners are #8309


    Pineridge Consulting Associates is a partnership and its owners are

    Pineridge Consulting Associates is a partnership, and its owners are considering admitting
    Helen Fluery as a new partner. On March 31, 2017, the Capital accounts of the three existing
    partners and their shares of profits and losses are as follows:

    Required

    Journalize the admission of Fluery as a partner on March 31, 2017, for each of the following
    independent situations:

    a. Fluery pays Lowe $200,000 cash to purchase Lowe's interest in the partnership.

    b. Fluery invests $100,000 in the partnership, acquiring a one-fourth interest in the business.

    c. Fluery invests $80,000 in the partnership, acquiring a one-fourth interest in the business.

    Pineridge Consulting Associates is a partnership and its owners are

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