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Kelly Herron has agreed to invest $200,000 into an LLC with Michelle Moss and Dan Kim. Moss and Kim will not invest any money, but will provide effort and expertise to the LLC. Moss and Kim have agreed that the net income of the LLC should be divided so that Herron is to receive a 10% preferred return on her capital investment prior to any remaining income being divided equally among the partners. In addition, Moss and Kim have suggested that the operating agreement be written so that all matters are settled by majority vote, with each partner having a one-third voting interest in the LLC.
If you were providing Kelly Herron counsel, what might you suggest in forming the final agreement?
What adjustment is required regarding Paul's purchase of the partnership interest? Must a section 754 election be made?
The Heritage Amusement Park would like to construct a new ride called the Sonic Boom, which the park management feels would be very popular. The ride would cost $450,000 to construct, and it would have a 10% salvage value at the end of its 15-year..
cost allocation and apparent profitability diamonds etc. manufactures jewelry settings and sells them to retail stores.
Transform financial statements from Barclays bank group limited, to an XBRL (GAAP or IFRS)instance Document
show a corporate cost allocation that occurs at your current or former place of business being sure to address the
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qthe major impact of third industrial revolution in agricultural equipment manufacturing value chain in the upcoming
the strength of it controls will evaluate whether the system encourages or hinders ethical behavior. while most
How many of each product should be produced per month using the short-run strategy and fixed manufacturing costs of $60,000 are assigned at the rate of $5 per machine hour.
If production cost is $11 per unit under absorption costing each year, then how many units did the company produce through the year?
Prepare a cash-flow budget and a profit budget for Gringotts Ltd on the basis of Strategy 1. The budgets should be split into quarterly intervals showing cash-flow and profit forecasts for each individual quarter.
Find the GRI on the Internet. Outline the key GRI indicator protocols that relate to water. From the perspective of a report user, justify, for each protocol, why these aspects relating to water consumption should be reported.
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