<u>Answer:</u>Divide the profits equally for all the members.
<u>Explanation:</u>
The capital accounts should mention the allocation of each members profit share and the capital contribution. The ownership of the members can be identified with this contribution. The profit sharing depends on the percentage share of the members.
If there is any flexibility in the arrangement then the it has to be mentioned clearly in the agreement. In StartUp investors case there is no operating written agreement so the profits will be divided among the members equally. If this is done in knowledge of all the members then the losses will also be borne by them.
Answer:
The words and conduct of the offeror.
Explanation:
Answer:
C) $195,000.
Explanation:
Calculation for the amount that Lawson should report as inventories in its balance sheet
Raw materials 27,000
Add Work-in-process 59,000
Add Finished goods 109,000
Inventories $195,000
Therefore the amount that Lawson should report as inventories in its balance sheet will be 195,000
