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  • Prob 3 Ch. 1 Parcor

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    studentone
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    The document outlines the initial contributions and capital interests of two partners, Gogola and Paglinawan, forming a partnership. Gogola contributes $1,260,000 in cash and $360,000 in equipment for a total capital contribution of $1,500,000. Paglinawan contributes $900,000 in cash. They agree that Gogola will have a 60% capital interest and Paglinawan will have a 40% capital interest in the partnership.

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    PROB 3 CH. 1 PARCOR

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    The document outlines the initial contributions and capital interests of two partners, Gogola and Paglinawan, forming a partnership. Gogola contributes $1,260,000 in cash and $360,000 in equipment for a total capital contribution of $1,500,000. Paglinawan contributes $900,000 in cash. They agree that Gogola will have a 60% capital interest and Paglinawan will have a 40% capital interest in the partnership.

    Copyright:

    © All Rights Reserved
    Als XLSX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    4K Ansichten2 Seiten

    Prob 3 Ch. 1 Parcor

    Hochgeladen von

    studentone
    The document outlines the initial contributions and capital interests of two partners, Gogola and Paglinawan, forming a partnership. Gogola contributes $1,260,000 in cash and $360,000 in equipment for a total capital contribution of $1,500,000. Paglinawan contributes $900,000 in cash. They agree that Gogola will have a 60% capital interest and Paglinawan will have a 40% capital interest in the partnership.

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    © All Rights Reserved
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    von 2

    PROBLEM # 3

    [Gogola]

    Cash 1,260,000
    Equipment 360,000
    Notes Payable 120,000
    Gogola, Capital 1,500,000

    [Paglinawan]

    Cash 900,000
    Paglinawan, Capital 900,000

    Gogola is to have 60% capital interest in the partnership

    Paglinawan Contribution 900,000


    40%
    2,250,000
    Gogola Capital Interest 60%
    Gogola Capital 1350000

    [Gogola]

    Cash 1,110,000
    Equipment 360,000
    Notes Payable 120,000
    Gogola, Capital 1,350,000

    [Paglinawan]

    Cash 900,000
    Paglinawan, Capital 900,000

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