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Don and Bill form a partnership. Don contributes $67,000 of cash while Bill contributes only $37,000 of cash. However, Bill is a skilled accountant and
Don and Bill form a partnership. Don contributes $67,000 of cash while Bill contributes only $37,000 of cash. However, Bill is a skilled accountant and this will be very valuable to the partnership. The partners have decided that they should begin with equal capital balances. Assuming they select the Bonus method, how much should be credited to Bill's opening capital balance?
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