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Business, 17.09.2019 02:00 scarlettlackey

Austin fisher contributed land, inventory, and $36,000 cash to a partnership. the land had a book value of $120,000 and a market value of $175,000. the inventory had a book value of $50,000 and a market value of $42,000. the partnership also assumed a $35,000 note payable owed by fisher that was used originally to purchase the land. provide the journal entry for fisher

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Austin fisher contributed land, inventory, and $36,000 cash to a partnership. the land had a book va...
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