3, Bellows has a capital balance of $200,000 afrer adjusting asset to pair market value.Rodriguez contributes $36,000 to receive a 60% interest in a new partnership with bellows. Determine the amount and recipient of the partner bouns.
4, Hiro has a capital balance of $ 75,000 after adjusting asset pair market value marone contributes $25,000 to receive a 40% interest in a new partnership
Wih Hiro the amount and recipient of the partner bouns.
Solve this question and answers of more explain ?
To determine the amount and recipient of the partner bonus in both scenarios, we need to calculate the value of the partnership after the contributions are made and determine the difference between the recipient's capital balance and their new ownership percentage.
For question 3:
Bellows has a capital balance of $200,000 after adjusting asset to fair market value. Rodriguez contributes $36,000 to receive a 60% interest in the new partnership with Bellows.
First, we need to calculate the total value of the partnership after Rodriguez's contribution. The total capital balance after the contribution will be $200,000 + $36,000 = $236,000.
Rodriguez's 60% interest in the new partnership would equate to 60% of $236,000 = $141,600.
Next, we need to determine the difference between Rodriguez's capital balance ($141,600) and their new ownership percentage (60%). To do this, we subtract the capital balance from the ownership percentage:
$141,600 - ($236,000 * 60%) = $141,600 - $141,600 = $0
Therefore, Rodriguez does not receive a partner bonus.
For question 4:
Hiro has a capital balance of $75,000 after adjusting assets to fair market value. Marone contributes $25,000 to receive a 40% interest in the new partnership with Hiro.
Similarly, we calculate the total value of the partnership after Marone's contribution: $75,000 + $25,000 = $100,000.
Marone's 40% interest in the new partnership would equate to 40% of $100,000 = $40,000.
Next, we determine the difference between Marone's capital balance ($40,000) and their new ownership percentage (40%):
$40,000 - ($100,000 * 40%) = $40,000 - $40,000 = $0
Therefore, Marone does not receive a partner bonus.
In both scenarios, neither Rodriguez nor Marone receives a partner bonus because their capital balances already align with their new ownership percentages in the partnership.