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Clinton and Schultz are equal partners in DEMO partnership and they have the following balance sheet: The decide to bring in a new partner Sanders
Clinton and Schultz are equal partners in DEMO partnership and they have the following balance sheet: The decide to bring in a new partner Sanders who pays $500,000 to be an equal partner A) make the journal entry the partnership makes if they use the bonus method B) make the journal entry the partnership makes if they use the good will method Instead of giving the $500,000 to the partnership, Sanders gave $250,000 top each Clinton and Schultz C) make the journal entry the partnership makes if they use the bonus method D) make the journal entry the partnership makes if they use the goodwill method
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