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Partner Bonus Lilly has a capital balance of $105,000 after adjusting assets to fair market value. Lowman contributes $57,000 to receive a 40% interest in

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Partner Bonus Lilly has a capital balance of $105,000 after adjusting assets to fair market value. Lowman contributes $57,000 to receive a 40% interest in a ner partnership with Lilly. Determine the amount and recipient of the partner bonus. Amount of bonus Recipient of bonus

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