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1. The business assets of LL and MM appears below: LL MM Cash P 11,000 P 22,354 Accounts receivable 234,536 567,890 Inventories 120,035 260,102 Land

1. The business assets of LL and MM appears below: LL MM Cash P 11,000 P 22,354 Accounts receivable 234,536 567,890 Inventories 120,035 260,102 Land 603,000 Building 428,267 Furniture and fixtures 50,...

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