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Lester, Torres, and Hearst are members of Arcadia Sales, LLC, sharing income and losses in the ratio of 2:2:1, respectively. The member limited liability company.
Lester, Torres, and Hearst are members of Arcadia Sales, LLC, sharing income and losses in the ratio of 2:2:1, respectively. The member limited liability company. The members' equity prior to liquidation and asset realization on August 1 are as follows: Lester $48,550 Torres 57,430 Hearst 29,680 Total $135,660 In winding up operations during the month of August, noncash assets with a book value of $154.940 are sold for $166,430, and liabilities Arcadia Sales has a cash balance of $28,500 Lester, Torres, and Hearst are members of Arcadia Sales, LLC, sharing income and losses in the ratio of 2:2:1, respectively. The member limited liability company. The members' equity prior to liquidation and asset realization on August 1 are as follows: Lester $48,550 Torres 57,430 Hearst 29,680 Total $135,660 In winding up operations during the month of August, noncash assets with a book value of $154.940 are sold for $166,430, and liabilities Arcadia Sales has a cash balance of $28,500
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