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Blair has a capital balance of $113,000 after adjusting assets to fair market value. Lowman contributes $64,000 to receive a 30% interest in a new
Blair has a capital balance of $113,000 after adjusting assets to fair market value. Lowman contributes $64,000 to receive a 30% interest in a new partnershipwith Blair.
Determine the amount and recipient of the partner bonus.
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