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Abbott and Brown form a partnership. Abbott contributes $10,000 cash and $40,000 in merchandise inventory. Brown contributes $5,000 in cash and land with a current
Abbott and Brown form a partnership. Abbott contributes $10,000 cash and $40,000 in merchandise inventory. Brown contributes $5,000 in cash and land with a current market value of $30,000 (cost of $15...
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