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EE 12-4 p 598 PE 12-4A Partner bonus OBJ. 3 Show Me How Gomez has a capital balance of $240,000 after adjusting assets to fair

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EE 12-4 p 598 PE 12-4A Partner bonus OBJ. 3 Show Me How Gomez has a capital balance of $240,000 after adjusting assets to fair market value. Banks contributes $380,000 to receive a 60% interest in a new partnership with Gomez. Determine the amount and recipient of the partner bonus. EE 12-4 p 5 PE 12-4B Partner bonus Hiro has a capital balance of $75,000 after adjusting assets to fair market value. Marone contributes $20,000 to receive a 40% interest in a new partnership with Hiro. OBJ.3 Show Me How Determine the amount and recipient of the partner bonus EE 12-5 p 603 PE 12-5A Liquidating partnerships Show OBJ.4 Prior to liquidating their partnership, Joyce and Xi had capital accounts of $50,000 and $105,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $190,000. The partnership had $10,000 of liabilities. Joyce and Xi share income and losses equally. Deter- mine the amount received by Joyce as a final distribution from liquidation of the partnership. How EE 12-5 p 60 PE 12-5B Liquidating partnerships OBJ. 4 Show Prior to liquidating their partnership, Manning and Adamo had capital accounts of $240,000 and $150,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $410,000. The partnership had $80,000 of liabilities. Manning and Adamo share income and losses equally. Determine the amount received by Manning as a final distributiorn from liquidation of the partnership How

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