Question: d . Spade received $ 6 1 , 8 0 0 of cash and partnership land with a fair value of $ 1 2 0

d. Spade received $61,800 of cash and partnership land with a fair value of $120,600. The carrying amount of the land on the partnership books was $100,700. Capital of the partnership after Spades retirement was $310,100.
d. Spade received $61,800 of cash and partnership land with a

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