Question: Question Content Area When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their a . book

Question Content Area
When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their
a. book values on the partners' books prior to their being contributed to the partnership
b. fair market value at the time of the contribution
c. assessed values for property tax purposes
d. original costs to the partner contributing them

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