Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest? e. What percentage interest of Bonanza did Thomas Dunn acquire? Statement

image text in transcribedimage text in transcribed

c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest?

e. What percentage interest of Bonanza did Thomas Dunn acquire?

Statement of Members' Equity, Admitting New Member The statement of members' equity for Bonanza, LLC, follows: Bonanza, LLC Statement of Members' Equity For the Years Ended December 31, 2013 and 2014 Silver Streams, LLC, Member Equity Thomas Dunn, Member Equity Idaho Properties, LLC, Member Equity $595,700 62,000 $657,700 Total Members' Equity $335,300 $931,000 310,000 248,000 $583,300 $1,241,000 Members' equity, January 1, 2013 Net income Members' equity, December 31, 20Y3 Dunn contribution, January 1, 2014 Net income Member withdrawals Members' equity, December 31, 2014 259,000 3,800 176,000 (63,400) $774,100 15,200 220,000 (46,200) $772,300 $240,000 44,000 (16,300) $267,700 440,000 (125,900) $1,814,100 a. What was the income-sharing ratio in 20Y3? Enter the percentage per member and then select the ratio. Idaho Properties, LLC % Silver Streams, LLC Ratio The w oofer for me , For the Year Ended December 31, 2013 and 2044 Propertie, Stree , Equity M u ity. January 1, 2013 NIS Members wity. Dessmber 31, 2013 Dun contribution, January 1, 2014 5240.000 299.000 NIE 178.CCO Mgeber wirawala Members' ceily, Dember 31, 2014 5774.100 5772.900 $257,700 1.814,100 .. what was in aaring rate in ZOYST Enter die gerentes ser-e-ber and then weet the rate Idaho Prepare WC Silver S LLC b. what was ring rate in 2014 Enter die serenteggereer end den lettere Ida Pregro, wc Silver Stream WC d. why de The w c at Pre Wed verses vertebra' rite de regerica and Silver Streerdere .. what a n d The Dee

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions