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help please 5. A and B are original partners with a partnership net book value of $200,000. Recorded net assets have a fair value of
help please
5. A and B are original partners with a partnership net book value of $200,000. Recorded net assets have a fair value of $220.000. Profit/oss percentages: A=60%,B=40%. C acquires 20% interest in capital for $45,000 cash. Prepare the journal entries to record the above transactions? (10 points) Step by Step Solution
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