- office equipment rental
- audio equipment rental
- office assistant
Fat Amy and Stacy form a partnership. They will contribute on a 55-45 basis, respectively, based on Fat Amy’s net assets. Fat Amy contributes cash of 32,000 and computer which cost her 60,000. Stacy contributes office equipment costing 55,000. The fair value of the non-cash assets are as follows: computer, 48,000; office equipment, 42,000. The computer carries a liability of 8,500 which the partnership will assume. How much will Stacy further invest to comply with their agreement?
How much will Stacy further invest to comply with their agreement?
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