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  3. 2. s. stephens adn j. perez are partners in space

2. S. Stephens adn J. Perez are partners in Space designs. Stephens and Perez share...

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Accounting

2. S. Stephens adn J. Perez are partners in Space designs. Stephens and Perez share income equally. D Fredrick will be admitted to the partnership. Prior to teh admission, equipment was revalued downward by $18,000. The capital balances of each partner are $100,000 adn $139,000, respectively, prior to the revaluation

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