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Partner X purchases Partner Y's $25,000 interest from Partner Y for $30,000.The entry to record the transaction is for $30,000.
Stearic Acid
A saturated fatty acid commonly found in animal and vegetable fats, used in various manufacturing processes.
Saponification
A chemical reaction involving the hydrolysis of esters in fats with alkali, resulting in the formation of soap and glycerol.
Tristearin
A triglyceride derived from glycerol and three units of stearic acid, commonly found in fat and oils.
Triolein
A triglyceride derived from glycerol and three oleic acid molecules, predominantly found in vegetable oils.
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