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Chapter 4 1. Create Journal Entries for the contribution of assets and liabilites for Alex and Betty (using Tax(Adjusted) Basis and Book (FMV) Basis). Don't
Chapter 4 1. Create Journal Entries for the contribution of assets and liabilites for Alex and Betty (using Tax(Adjusted) Basis and Book (FMV) Basis). Don't forget to include the intangible assets contributed by Alex and Betty. 2. Create a Tax Basis and Book Basis Balance Sheet based off of these Journal Entries
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