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Post# of 68548
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deal guy

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deal guy

Re: Jabez Advisory post# 60787

Monday, 12/24/2018 10:56:45 AM

Monday, December 24, 2018 10:56:45 AM

Post# of 68548
JA

The annual allocation of profits is a partnership capital account allocation not accounting. Under GAAP the profits would be reported each quarter in each partners financials. They should have 2017 and 2018 profits and losses to report whether or not allocated to their capital account. Delay is likely because they need to pay their accountants
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