Question: On April 3 0 , 2 0 X 5 , Apple, Blue, and Crown formed a partnership by combining their separate business proprietorships. Apple contributed
On April X Apple, Blue, and Crown formed a partnership by combining their separate business proprietorships. Apple contributed $ cash. Blue contributed property with a $ carrying amount, a $ original cost, and $ fair value. The partnership accepted responsibility for the propertys $ mortgage. Crown contributed equipment with a $ carrying amount, a $ original cost, and $ fair value. The partnership agreement specifies that profits and losses are to be shared equally but is silent regarding capital contributions. Which partners capital account has the largest April X balance?
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