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Partner Bonus Gomez has a capital balance of $240,000 after adjusting assets to fair market...

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Accounting

Partner Bonus Gomez has a capital balance of $240,000 after adjusting assets to fair market value. Banks contributes $380,000 to receive a 60% interest in a new partnership with Gomez. Determine the amount and recipient of the partner bonus. Amount of bonus $ Recipient of bonus

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