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Unformatted text preview: account would be credited for $30,000 in this case. Existing Capital MJM, Capital $ 70,000 EAM, Capital 50,000 Total Existing Capital 120,000 Add: TLM Investment 30,000 New Capital Balance 150,000 TLM Ownership % × 20% TLM, Capital $ 30,000...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09