Jason and Michael formed a new partnership . Jason invested ₱650,000 in cash for his 2/3 Interest in capital and profits of the business . Michael Contributes land that has an original cost of ₱110,000 and a fair market value of ₱140,370 and a building that has a fair market value of ₱220,000 and tax basis of ₱92,500 mortage that the partnership will assume . What amount of cash should Michael Contribute ?
please answer in English !!!!
Answers
Answered by
0
ajjajajaajajajajajaajjaajaj
today is a very nice
day for me
Similar questions