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Business, 16.03.2020 22:19 mandilynn22
Brief Exercise 12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $27,000 cash, and Nichols contributes $18,000 cash and equipment having a book value of $6,300. Prepare the entry to record Nichols’s investment in the partnership, assuming the equipment has a fair value of $9,000.
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Brief Exercise 12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Rip...
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