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Business, 08.10.2019 03:30 heyItsLuna234

Immediately prior to the admission of allen, the sanson-jeremy partnership assets had been adjusted to current market prices and the capital balances of sanson and jeremy were $80,000 and $120,000 respectively. if the parties agree that the business is worth $240,000, what is the amount of bonus that should be recognized in the accounts at the admission of allen?
a. $40,000 b. $60,000 c. $100,000 d. $80,000

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