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Assume that K starts up a consulting business and in exchange for $ 4 0 0 , 0 0 0 that M provides to K

Assume that K starts up a consulting business and in exchange for $400,000 that M provides to K, K makes M a 1/4th owner in the company. What entries are made? What happens to the value of the equity of the business? What happens to Ms wealth.

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