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Partner Bonus Holcomb has a capital balance of $89,000 after adjusting assets to fair market value. Lowman contributes $51,000 to receive a 30% interest in
Partner Bonus Holcomb has a capital balance of $89,000 after adjusting assets to fair market value. Lowman contributes $51,000 to receive a 30% interest in a new partnership with Holcomb. Determine the amount and recipient of the partner bonus. Amount of bonus $ Recipient of bonus
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