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What is the amount of bonus that should be recognized

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Immediately prior to the admission of Abbott, the Smith-Jones Partnership assets had been adjusted to current market prices and the capital balances of Smith and Jones were $54,200 and $58,700, respectively. If the parties agree that the business is worth $150,600, what is the amount of bonus that should be recognized in the accounts at the admission of Abbott?

Reference no: EM132368056

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