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The statement of members equity for Bonanza LLC is shown below What was the income-sharing ratio in 2014 What was the income-sharing ratio in 2015 How much cash did Thomas Dunn

The statement of members equity for Bonanza, LLC, is shown below. a. What was the income-sharing ratio in 2014? b. What was the income-sharing ratio in 2015? c. How much cash did Thomas Dunn contribute to Bonanza, LLC, for his interest? d. Why do the member equity accounts of Idaho Properties, LLC, and Silver Streams, LLC, have positive entries for Thomas Dunn s contribution? e. What percentage interest of Bonanza did Thomas Dunn acquire? f. Why are withdrawals less than net income?

Apr 09 2020 View more View Less

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