Penner and Torres decide to merge their proprietorships into a partnership called Blossom Company. The...
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Penner and Torres decide to merge their proprietorships into a partnership called Blossom Company. The balance sheet of Torres Co shows: The partners agree that the net realizable value of the receivables is $ and that the fair value of the equipment is $ Indicate how the accounts should appear in the opening balance sheet of the partnership. $ 
Penner and Torres decide to merge their proprietorships into a partnership called Blossom Company. The balance sheet of Torres Co
shows:
The partners agree that the net realizable value of the receivables is $ and that the fair value of the equipment is $
Indicate how the accounts should appear in the opening balance sheet of the partnership.
$
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