=+EX 12-25 Statement of LLC liquidation obj. 4 The capital accounts of Hossam Abdel-Raja and Aly Meyer

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=+EX 12-25 Statement of LLC liquidation obj. 4 The capital accounts of Hossam Abdel-Raja and Aly Meyer have balances of $90,000 and $65,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Abdel-Raja invested an additional $10,000. During the year, Abdel-Raja and Meyer withdrew $48,000 and $39,000, respectively, and net income for the year was

$124,000. The articles of partnership make no reference to the division of net income.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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