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What is an industrial partner

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Reference no: EM132760823

Problem 1. What is an industrial partner? How will you account the contribution and the share in the profit or loss of an industrial partner? Explain briefly.

Problem 2. A partner contributes the following assets: Accounts Receivable with an existing Allowance for Doubtful Accounts balance and Building with an existing Accumulated Depreciation balance. What will be your entry on the book of the partnership? Explain briefly.

Reference no: EM132760823

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