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“Tora Tesulting, capital (400,000 /, 66666...) “Total nek assets prior to aetmission . Required Contrinton ($600,000 x. am) “hae for, Elon ue wise $2m0 fora fy test b). Elon invests 80, 000 front: figth, ynterest 7 i gi vetorded + Unveseanert_Yn_gortresif_ = £80,000. Nus_portner's_ proportionate Doak. value o C4 \400, 000 4 $80, oo) x. 20) iow apg 44,000) Difference (ivstivent cost 4 bao vie) Se) Meek = Gendt to na power Sep 4: "i 4c estimated totdl resulting, Ferimated total ‘vest ee ome 065 St ($400,000 / Sos eave =e Estwated toral _resultin. capital “Total net assets re 000 + * 8 000) Peimated goodwill to new partnet (490,00) $_ 20,000 _ partner's ones Yoo value Ubo,000 + Es a) * 20] ‘PAjeence Cnuestment cost 7 book value ) Mehod. = Goodwill ot bonus fm prior aviners Sete vwal_oatol p04 a Total _saae nee assets not Including, apetsil '4400,000 + 100,000) no 7 1000 Serrated —apodvill eee 83 Therefore « bonus wethod 15 used became no additional _oxgtal ‘s croted Cash, E 200/000 Mary, capital (480.00 * - 60 ) Ab.000 Gene, capital (0/000 x «30 124.0% Yor. copttal_ ($80,000 “10 ) 8.000 7 Elan, Capital ( $600/000 + 20) \20.000 a “AY. Seeker oe _ gy the UPA “gat states aves “A person adnitted TO an. oad forttusWip 6 ot perconaly Udble Sor ony ernichip chlgprion neue before Ane son's amisdoo a5 0 yortner “flthendy lon would “not_be pasadlly Yobler dhe ders have he WK OL lasing hor tvesemont tn he garcnestlp __ Neto: Goarwill prior we © Feieated total vetting, copie (k 90.000 / - 29) 1 20 eimated oral Yeulting _ axe) ie Sep a Getmtel total result £26000. “oad Yat asses rok “induang _gpaAuill — 4 (Abo.ce + 450.000 nial 5 a0) ! Pact a Oe £40, 000 Foinnared_qpatut 10 pro BE oa | 1S Gs 91000 o j el a 0,000 3 E i capt (& 4p.e00 4) a a (Some) N02 an A eae “190/005 a anitton o! gpoail! 0 +e cur Under GAAP Matod > Gecvill or borws Ye pat Gas ge Wal veal ey eo as al al (& teo.000_ + $0.000, —— Bsamated quodwoill “Thao. Sons. Wd to oer s | Cash ao 50.000 Yam, capil (4 Gero x. 95) 6.000 Aen, contol (0.060% - 25) hee 3\ & 10.000 x -20)) 42000 Gat = Yas dM Luply ae to alloate “ne ‘a ai Greta _\nyerest however they. Choose c Die pace fer Tem Tam Aus Oh aby ia Yorn, cape! e a i BEBO E Gerry «capital CE Woaa x20) ca GAR =A puchaw of a artnershig. share mode dhpecly fore 0 present Yorener is ar) a locaton of Yat _Yartvers ‘cota. Yesst Note drat Hee partnership AA WOK @ receve the $50,000 dash, Nese 950000) Framnated _ qoodusll Thehee, ovas of 00 40 pao pater # a TS 1 Vor, Capra (44 000 x- #5) 4000 | Bons amped (44,00 4-95) : 000, | Gary, cage fas. ¥.10) a | [Gee = Wats yy allocate cal ony gee Sot ems eCeived for pola an GBivitted inte the “Om Wests 5,000 ond_opoil 10 Wa turk © s z $40,000 > 24400, «00 ¥. 20 ~ __No-Gaar 1 Recaption of geod a Qu thet gs Ah ed 5 Wepre eal Km el ea a nde Ga. z A) Geary Wats wes 445.000 5 Iventary une down of 20.080 reconpived | Write dowry wanery fo Locom prior tp admission of f to tne Rebcion Of Aro work L Var caital (4 20,0008. 94) O00 pin, captial_(_$ 20,008 ra Gicamies iain pei A ry 26,000 pect ey 2 hon = __ New gentees's proportionate value bi UC $ 4.000 49451000). 20) a —_ Cisr0ce Dyfeence Cnvevinent = book vatue) i $-0- i. No bonus. or gods ate reeves + 30,000 ark no gpoduill \¢- recorded F Fees to withdmsteg, ee Vyment se $3e1000 Koors canttal_cerount, Cored tn = Kerk capital : | Lats, eaptel G8.000 #80) — ON ia Le e b. Karl vectereceives $42,000 ard only Ye withebouorng p partner's

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