Van ness contributes 46000 to receive a 40 interest in a
Lilly has a capital balance of $86,000 after adjusting assets to fair market value. Van Ness contributes $46,000 to receive a 40% interest in a new partnership with Lilly. Determine the amount and recipient of the partner bonus.
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lilly has a capital balance of 86000 after adjusting assets to fair market value van ness contributes 46000 to receive
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