Ernie Hanlon and Carol Barnes form a partnership on May 1, 201X. Hanlon contributes cash of $42,500.
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Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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May 1 Cash 42 5 0 0 00 Ernie Hanlon Capit...View the full answer
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Related Book For 
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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