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Partner Bonus Burns has a capital balance of $99,000 after adjusting assets to fair market value. Van Ness contributes $53,000 to receive a 35% interest

Partner Bonus

Burns has a capital balance of $99,000 after adjusting assets to fair market value. Van Ness contributes $53,000 to receive a 35% interest in a new partnership with Burns.

Determine the amount and recipient of the partner bonus.

Amount of bonus

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