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Partner Bonus Burns has a capital balance of $111,000 after adjusting assets to fair market value. Marler contributes $59,000 to receive a 30% interest in
Partner Bonus Burns has a capital balance of $111,000 after adjusting assets to fair market value. Marler contributes $59,000 to receive a 30% interest in a new partnership with Burns. Determine the amount and recipient of the partner bonus. Amount of bonus $4 Marler Recipient of bonus
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