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the realization process for a partnership if an asset is sold for more than book value that is recorded in the accounting records, select the

the realization process for a partnership if an asset is sold for more than book value that is recorded in the accounting records, select the statement that correctly describes this transaction.

There is no journal entry required on the partnership's accounting records

There is a loss on realization

There is a gain on realization

none of the above answers

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