question archive Jerry Park decides to invest $25,000 in a partnership for a one-sixth capital interest
Jerry Park decides to invest $25,000 in a partnership for a one-sixth capital interest
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Jerry Park decides to invest $25,000 in a partnership for a one-sixth capital interest. How much do the partnership's net assets increase?
Net Asset
Does Park also acquire a one-sixth income ratio through this investment?
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Answer:
| Partnership net assets will increase by the amount of Capital Investment |
| 1 |
| Net asset = $ 25000 |
| 2 |
| Yes, Park acquires a one sixth income ratio through this investment. |
