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GOLDEN NUGGET ATLANTIC CITY, LLC QUARTERLY REPORT FOR THE QUARTER ENDED DECEMBER 31, 2024SUBMITTED TO THE DIVISION OF GAMING ENFORCEMENT OF THE STATE OF NEW JERSEYOFFICE OF FINANCIAL INVESTIGATIONS

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How to fill out proprietors or members equity

01

Gather financial statements including balance sheets and income statements.

02

Determine the initial investment made by the proprietors or members.

03

Record any additional contributions made by proprietors or members during the accounting period.

04

Identify any withdrawals made by proprietors or members.

05

Calculate the net income or loss for the period and add it to the equity.

06

Ensure that the equity section reflects accurate share of profits or losses distributed between proprietors or members.

07

Review and update the equity section periodically to reflect current investment status.

Who needs proprietors or members equity?

01

Sole proprietors to track their personal investment in the business.

02

Partnerships to outline the equity shares of each partner.

03

LLC members to record their contributions and ownership stakes.

04

Investors to evaluate the financial health and ownership structure of a business.

05

Accountants and financial analysts for accurate reporting and compliance.

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What is proprietors or members equity?

Proprietors or members equity refers to the ownership interest held by owners or members in a business, which represents the residual value of the assets after deducting liabilities. It reflects the amount contributed by owners as well as retained earnings.

Who is required to file proprietors or members equity?

Typically, proprietors or members equity must be filed by sole proprietorships, partnerships, and limited liability companies (LLCs) as part of their financial reporting requirements. This is essential for tax filings and maintaining transparency with stakeholders.

How to fill out proprietors or members equity?

To fill out proprietors or members equity, start with the initial capital contributions of the owners, then add any additional contributions made during the period. Subtract any withdrawals or distributions by the owners, and include any retained earnings or losses from the income statement.

What is the purpose of proprietors or members equity?

The purpose of proprietors or members equity is to provide a clear representation of the owners' stake in the business. It serves as a measure of financial health and stability, helping stakeholders make informed decisions regarding investment and management.

What information must be reported on proprietors or members equity?

The information that must be reported on proprietors or members equity typically includes the owners' contributions, retained earnings, withdrawals, distributions, and any gains or losses. This information is usually summarized in the statement of owner's equity.

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