Question: 3. Randy, Sandy, and Ted formed an equal general partnership. Randy and Sandy each contributed $25,000 cash. Ted, a cash method taxpayer, contributed accounts receivable

3. Randy, Sandy, and Ted formed an equal general partnership. Randy and Sandy each contributed $25,000 cash. Ted, a cash method taxpayer, contributed accounts receivable with a fair market value of $35,000. In addition, the partnership assumed $10,000 of Ted's accounts payable. What is Ted's outside basis? How much is his capital account

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