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Subject Topic: R4- Help me in this MCQ. (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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osama yasin
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Joined: 03 Oct 2011
Location: Jordan
Online Status: Offline
Posts: 40
Posted: 07 Aug 2012 at 06:58 | IP Logged  
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astone
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Joined: 23 Mar 2011
Location: United States
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Posts: 91
Posted: 10 Aug 2012 at 23:52 | IP Logged  
Profit/Loss %            40%        60%
Partner           Smith        White 
Beginning Basis           4,000       6,000
Liability         16,000     24,000
Basis         20,000     30,000
Liabilities increase a partners basis by their % share in the partnership.
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