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Antoine, partnership was dissolved every bit of 31st blemish 2010.
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How much cash does Lone Pine cafe have?
The partnership paid for an operating liscence in the amount of $1,428 as well as an additional $1,400 for a cash register (itemized as equipment) in our analysis. The remaining cash attributed to the partnership was $8,672 as per the Balance Sheet dated November 2nd, 2005.
Who is operating partner in Lone Pine Cafe?
In affect, the operating partner, Mrs. Antoine, is essentially limiting the other two partners’ as well as her losses by operating the entity as a ‘going concern’ per her wishes.
What was the Lone Pine Cafe case about?
Analysis for Lone Pine Cafe The Lone Pine Cafe case involves a partnership of three people who initially invested $16,000 cash each in the venture. The first transaction resulted in a one year lease being signed for $1,500 per month or $18,000 per annum. The owners occupied quarters above the Cafe.
Last Update: Oct 2021
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Connected march 31, 2010, the partnership that had been structured to operate the lone pine caf was dissolved nether unusual circumstances, and in connection with.
New cash register & its contents were also missing spell other assets were as it is.