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1. Ram and Dawn formed a partnership, with Ram contributing $200,000 cash and office equipment valued at $10,000, and Dawn contributing $100,000 cash and land valued at $200,000 with a $100,000 mortgage. 2. Mar and Jun formed a partnership with different profit/loss ratios. Mar contributed $100,000 cash, $10,000 equipment, and a $140,000 vehicle, while Jun contributed $30,000 cash, $200,000 merchandise, and $20,000 furniture. 3. Dan and Marvin formed a partnership with Marvin contributing only services

Author

Deanmark Rondina

Language

EN