Partnership Formation (12.5 points) Aubrey and Bella form a partnership in which they will share...
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Accounting
Partnership Formation (12.5 points) Aubrey and Bella form a partnership in which they will share capital in a 2:3 ratio. Aubrey contributes $200,000 in cash. Bella contributes cash of $100,000 and assets having the following fair market values: - Inventory, $150,000 - Equipment, $275,000 Required Prepare the entry to record the formation of the partnership, under each of the following methods: a. The bonus approach b. The goodwill approach
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