3. Nicki, Tryon, and Zendaya are allies who share profits in a 2:2:1 ratio. Then Agnez was accepted as a new ally and given her a 1/4 share in the profit, while the rest was divided among Nicki, Tryon, and Zendaya in the original profit-loss ratio. What are the new profit and loss ratios for "Nicki, Tryon, and Zendaya firms"?
3. Nicki, Tryon, and Zendaya are allies who share profits in a 2:2:1 ratio. Then Agnez was accepted as a new ally and given her a 1/4 share in the profit, while the rest was divided among Nicki, Tryon, and Zendaya in the original profit-loss ratio. What are the new profit and loss ratios for "Nicki, Tryon, and Zendaya firms"?
Chapter2: The Deduction For qualified Business Income For Pass-through Entities
Section: Chapter Questions
Problem 20P
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Question
Transcribed Image Text:3. Nicki, Tryon, and Zendaya are allies
who share profits in a 2:2:1 ratio. Then
Agnez was accepted as a new ally and
given her a 1/4 share in the profit, while
the rest was divided among Nicki, Tryon,
and Zendaya in the original profit-loss
ratio. What are the new profit and loss
ratios for "Nicki, Tryon, and Zendaya
firms"?
4. The capital balance for Aceyt and Chroe
is $80,000 each; they share profits in
equal ratios. Ghandy was then signed in
as a new partner for a 1/3 interest in net
assets and in net income with a cash
investment of $55,000. Record Ghandy's
admissions using the three alternative
procedures and indicate what conditions
would support each alternative.
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