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Gorman and Morton form a partnership on May 1, 2019. Gorman contributes cash of $75,000; Morton conveys title to the following properties to the partnership:
Gorman and Morton form a partnership on May 1, 2019. Gorman contributes cash of $75,000; Morton conveys title to the following properties to the partnership: Book Value Fair Value Equipment $ 27,500 $...
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