Question: solve this Saved Help Save & Exit Su Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of

solve this solve this Saved Help Save & Exit Su Fontaine and Monroe are

Saved Help Save & Exit Su Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $334,000; the partnership assumes responsibility for a $117,000 note secured by a mortgage on the property, Monroe Invests $92,000 in cash and equipment that has a market value of $67,000. For the partnership, the amounts recorded for total assets and for total capital account are: Multiple Choice 16 Total assets $376,000 total capital $493.000 Total assets $493,000 total capital $495.000 AAN stv

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