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Business, 15.07.2020 02:01 jazminpratt0311

A and B formed a partnership, each contributing non-cash assets into the partnership. Partner A contributed inventory with a current market value in excess of its carrying amount. Partner B contributed fixed asset with a carrying amount in excess of its current market value. At what amount should the partnership record each of the assets contributed?

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A and B formed a partnership, each contributing non-cash assets into the partnership. Partner A cont...
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