2. Assume that the above assets are understated by $25,000. If new Partner D were to acquire a 30% interest in the partnership by making a contribution of assets to the partnership, what would be the...

2. Assume that the above assets are understated by $25,000. If new Partner D were to acquire a 30% interest in the partnership by making a contribution of assets to the partnership, what would be the suggested value of the consideration?

3. If the above assets were overstated by $25,000, what amount of consideration should new Partner D convey to the partnership in exchange for a 25% interest in capital, keeping in mind that D would also be acquiring a 30% interest in profits?