Patti and Pam are forming a partnership. Patti will invest a piece of equipment with...
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Accounting
Patti and Pam are forming a partnership. Patti will invest a piece of equipment with a book value of $4,822 and a fair market value of $12,687. Pam will invest a building with a book value of $32,805 and a fair market value of $61,838.
At what amount will Patti's capital account be recorded?
Select the correct answer.
A)$32,805 B)$4,822 C)$12,687
D)$61,838
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