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Penner and Torres decide to merge their proprietorships into a partnership called Pentor Company. The balance sheet of Torres Co. shows: The partners agree that

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Penner and Torres decide to merge their proprietorships into a partnership called Pentor Company. The balance sheet of Torres Co. shows: The partners agree that the net realizable value of the receivables is $47, 208 and that the fair value of the equipment is $11, 385. Indicate how the accounts should appear in the opening balance sheet of the partnership

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