The partnership still has a 75000 gain on the sale of the, Ask an Expert

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The partnership still has a $75,000 gain on the sale of the land, but Pedros $25,000 share is eliminated by the 754 adjustment to the basis of the land. (1/3 x 475,000) [(1/3 x 400,000) + 25,000]} = 0. p. C:10-27. C:10-91.What is included in the definition of unrealized receivables?

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Accounting Basics, Accounting

Category:- Accounting Basics
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