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Management Studies

Two Sisters is a partnership that owns and operates a farm. During the current year, the partnership raised and harvested hay at a cost of $20,000. It then traded half the hay for quarter horse breeding stock-young horses worth $30,000. Two Sisters fed the remainder of the hay to the horses, which were worth $50,000 at the end of the year. How much income does the partnership have from these transactions during the current year?

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M91700542

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