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Drake Cushing and Shawn Tadlock started the CT partnership on January 1, 2014. The business acquired $70,000 cash from Cushing and $140,000 from Tadlock. During
Drake Cushing and Shawn Tadlock started the CT partnership on January 1, 2014. The business acquired $70,000 cash from Cushing and $140,000 from Tadlock. During 2014, the partnership earned $75,000 in cash revenues and paid $39,000 for cash expenses. Cushing withdrew $2,000 cash from the business, and Tadlock withdrew $4,000 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business. |
earnings per share? Book value per share? price earning ratio? Dividend yield? |
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