Question: and Waites are forming a partnership to develop a theme park near Pierce ?City, Florida. Kendall contributes cash of $4,000,000 and land with a current

and Waites are forming a partnership to develop a theme park near Pierce ?City, Florida. Kendall contributes cash of $4,000,000 and land with a current market value of $9,500,000. When Kendall purch...

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