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Dividing LLC net income and statement of members' equityMedia Properties, LLC, has three members: KXT Radio Partners, Rachel Sizemore, and Daily Sun Newspaper, LLC. On January 1, 2008, the three members had equity of $240,000, $40,000, and $160,000, respectively. KXT Radio Partners contributed an additional $50,000 to Media Properties, LLC, on June 1, 2008. Rachel Sizemore received an annual salary allowance of $139,800 during 2008. The members' equity accounts are also credited with 8% interest on each member's January 1 capital balance. Any remaining income is to be shared in the ratio of 4:3:3 among the three members. The net income for Media Properties, LLC, for 2008 was $570,000. The salary and interest allowances were distributed to the members.a. Determine the division of income among the three members. If an amount is zero, enter in "0".
the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income
A withdrawal of cash made by the owner will be found on the:
What payroll taxes are paid by the employee? Which are paid by the employer? What types of reports are used to document to the government the payroll taxes paid by the employer and employee?
The stockholders' equity section of Kay Corporation at the end of thecurrent year showed. Calculate the dollar amount to be reported as the preferred stock account balance.
At the time of the conversion, the unamortized premium is $2,000, the market value of the bonds is $110,000, and the stock is quoted on the market at $60 per share. If the bonds are converted into common, what is the amount of paid-in capital in e..
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Prepare the shareholders' equity section of the balance sheet at December 31, 2008, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.
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Let's discuss the various capital budgeting methods most often used, such as the payback method, the accounting rate of return, net present value, and internal rate of return. Which of these methods are discounted and which are not? What are some ..
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ohs solutions pty. ltd. is a company formed by three friends des satish and emma who bring different skills and
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