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The statement of members' equity for Bonanza, LLC, is shown below.
The statement of members' equity for Bonanza, LLC, is shown
a. What was the income-sharing ratio in 2012?
b. What was the income-sharing ratio in 2013?
c. How much cash did Justin Thomas contribute to Bonanza, LLC, for his interest?
d. Why do the member equity accounts of Idaho Properties, LLC, and Silver Holdings,
LLC, have positive entries for Justin Thomas' contribution?
e. What percentage interest of Bonanza did Justin Thomas acquire?
f. Why are withdrawals less than netincome?
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