1β. L and M participate in the limited liability company "L" with participation percentages of 70% and 30% respectively in the capital amounting to 100.000€.It is decided to increase the capital by 40.000€as well as to take over part of the capital from the new partner C. The participation percentages of the partners after the entry of partner C in the company will be as follows L 60%, M 25%, C 15%. It is requested to determine the amount of additional capital to be paid by the partners and to make the relevant journal entries.

1β. L and M participate in the limited liability company "L" with participation percentages of 70% and 30% respectively in the capital amounting to 100.000€.It is decided to increase the capital by 40.000€as well as to take over part of the capital from the new partner C. The participation percentages of the partners after the entry of partner C in the company will be as follows L 60%, M 25%, C 15%. It is requested to determine the amount of additional capital to be paid by the partners and to make the relevant journal entries.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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