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Terry Chan and Darryl Klein formed a partnership on September 1. Terry contributed cash of $20,000 and a building with a cost of $100,000 and

Terry Chan and Darryl Klein formed a partnership on September 1. Terry contributed cash of $20,000 and a building with a cost of $100,000 and fair value of $180,000. Darryl contributed cash of 150,000...

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