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1. Original Investment. A contributed land and 50,000 cash to the partnership. The land contributed has a book value of 140,000 and a market value
1. Original Investment. A contributed land and 50,000 cash to the partnership. The land contributed has a book value of 140,000 and a market value of 250,000. The partnership also assumed a 30,000-not...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
