Question
AN UNINCORPORATED BUSINESS IS BEING SOLD FOR 40,000. THE FAIR MARKET VALUE OF ITS ASSETS ARE CASH 5000 A/ RECEIVABLES 5000 land 15,000 secret formulas
AN UNINCORPORATED BUSINESS IS BEING SOLD FOR 40,000. THE FAIR MARKET VALUE OF ITS ASSETS ARE
CASH 5000
A/ RECEIVABLES 5000
land 15,000
secret formulas 5000
TOTAL 30.000
which of the statements is true
AMOUNT OF CLASS VII ASSETS IS 5000
AMOUNT OF CLASS VII ASSET S IS 10,000
AMOUNT OF CLASS VII ASSETS IS 15,000
AMOUNT OF CLASS VII ASSETS IS 40,000
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
