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Problem #1 - 5pts. Partner's Original Investment Froilan Labause contributed land, inventory, and P280,000 cash to a partnership. The land has a book value of

Problem #1 - 5pts. Partner's Original Investment Froilan Labause contributed land, inventory, and P280,000 cash to a partnership. The land has a book value of P650,000 and a market value of P1,350 000...

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