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Partner Bonus Lilly has a capital balance of $91,000 after adjusting assets to fair market value. Lowman contributes $49,000 to receive a 40% interest in

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Partner Bonus Lilly has a capital balance of $91,000 after adjusting assets to fair market value. Lowman contributes $49,000 to receive a 40% interest in a new partnership with Lilly. Determine the amount and recipient of the partner bonus Amount of bonus Recipient of bonus

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