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need clearity different comments Cindy sold her interest in a partnership for $20,000 cash when...

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Accounting

need clearity different comments

Cindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000. She was relieved of her $25,000 share of partnership liabilities. What is Cindy's realized value from the sale of her partnership interest? A) $15,000 B) $20,000 C) $40,000 D) $45,000

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