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The partners agree that the net realizable value of the

Beck and Cey decide to merge their proprietorships into a partnership called Fresh Start Company.The balance sheet of Cey Co. shows:

The partners agree that the net realizable value of the receivables is $13,500 and that the fair market value of the equipment is $11,000. Indicate how the four accounts should appear in the opening balance sheet of the partnership.

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Accounting Basics: The partners agree that the net realizable value of the

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