Question
on june 1, 3009 nON JUNE 1,2009, KEVIN SCHMIDT AND dAVID COHEN FORM A PARTNERSHIP . SCHMIDT AGREES TO INVEST $12,000 CASH AND MERCHANDISE INVENTORY
on june 1, 3009 nON JUNE 1,2009, KEVIN SCHMIDT AND dAVID COHEN FORM A PARTNERSHIP . SCHMIDT AGREES TO INVEST $12,000 CASH AND MERCHANDISE INVENTORY VALUED AT $32,000.COHEN INVEST CETAIN BUSINESS ASSETS AT VALUATIONS AGREED UP ON, TRANSFER BUSSINESS LIABILITIES, AND CONTRIBUTES SUFFICIENT CASH TO BRING HIS TOTAL CAPITAL TO $80,000.DETAILS REGARDING THE BOOK VALUES OF THE BUSSINESS ASSETS AND LIABILITIES, AND THE AGREED VALUATIONS FOLLOW:
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
2nd Edition
0030452961, 978-0030452963
