Question: Question 36 (2 points) When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their fair market

Question 36 (2 points) When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their fair market value at the time of the contribution assessed values for property purposes book values on the partners' books prior to their being contributed to the partnership original costs to the partner contributing them

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