Chapter it only Help Save & Ex Majeau and Horcica are forming a partnership Majes will invest equipment that currently is being used by another business owned by Majeau The equipment has a fait market value of $45.000 Also the partnership will assume responsibility for a $10.000 note secured the equipment Horcica will invest $25.000 cash On the books of the partnership, the amount to be recorded as a credit to Majeau's capital account.is Multiple Choice $30,000 555000 335 000 13 of 20 arch ORA 21C Cloudy A 5 6 3 E 7 o P D F H J . then the current market value of a partnership is greater than the recorded amounts of equity, the partners usually require the new partner to ay a bonus for joining True or False True False Chapter it only Help Save & Ex Majeau and Horcica are forming a partnership Majes will invest equipment that currently is being used by another business owned by Majeau The equipment has a fait market value of $45.000 Also the partnership will assume responsibility for a $10.000 note secured the equipment Horcica will invest $25.000 cash On the books of the partnership, the amount to be recorded as a credit to Majeau's capital account.is Multiple Choice $30,000 555000 335 000 13 of 20 arch ORA 21C Cloudy A 5 6 3 E 7 o P D F H J . then the current market value of a partnership is greater than the recorded amounts of equity, the partners usually require the new partner to ay a bonus for joining True or False True False