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c above are correct Question 17 (1 point) A business owner has agreed to transfer the assets and liabilities of her business to a new
c above are correct Question 17 (1 point) A business owner has agreed to transfer the assets and liabilities of her business to a new partnership. The new partner will invest cash in the new business in return for one-half interest. At what values should assets and liabilities of the old business be recorded in the accounts of the partnership? fair market value. historical cost. book value. net realizable value
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