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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
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 Tdhe Properties Stream. Thomas Total LLC LLC Dunn. Members Member Equity Members equity, January 1, 2013 272.000 300.000 Net income 57,000 Membersity, December 31, 2013 $330.000 $40,000 1770.000 Dunctionary 1, 2014 2.000 7.000 200 230.000 Het home 2.500 137.500 250.000 Membe stras 100.000 130,000 Members equity, December 1, 2016 0.000 1.130.000 a. What was the income-sharing ratio in 20Y3? Enter the percentage per member and then select the ratio. Idaho Properties, uc Sive Stream Ratio b. What was the income-sharing ratio in 2014? Enter the percentage per member and then select the ratio. Idaho Properties, LLC Sive Stream The Dunn Ratio c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest? $1 d. Why do the member equity accounts of Idaho Properties, LLC, and Silver Streams, LLC, have positive entries for Thomas Dunn's contribution? The positive entries to Idaho Properties and Silver Streams are the result of Thomas Dunn. e. what percentage interest of Bonanza did Thomas Dunn acquire? % f. Why are withdrawals less than net income? Withdrawals will be less when the members wish to business to business growth. capital in the
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