Evona, an equal partner, sold her partnership interest to Zach, an outsider, for $154,000 cash...
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Accounting
Evona, an equal partner, sold her partnership interest to Zach, an outsider, for $ cash on January Year when Evona's basis in the partnership was $ In addition, Zach assumed Evona's share of the partnership's liability. What was the total amount realized by Evona on the sale of her partnership interest?
Evona, an equal partner, sold her partnership interest to Zach, an outsider, for $ cash on January Year when Evona's basis in the partnership was $ In addition, Zach assumed Evona's share of the partnership's liability.
What was the total amount realized by Evona on the sale of her partnership interest?
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