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QUESTION 14 Andy and la formed a partnership on April 1, 2019. Andy contributes equipment to the business hogy cs582,000 and on the dec.000 market value of the equipment is 574,000. The value of the equipment recorded in the partnerships AJ 566.000 OB) 574.000 550.000 OD 502.000 QUESTION 15 Rodriguez and Ying start a partnership only 1, 2019. Rodriguet contributes 54100 cash furniture with a current market value of 555.000, and come. The $48,000 in 2017 with recorded accumulated depreciation of 528 000. The current market value of the computeren 517.000. A while shoulder records of the partnership? A) 548,000 OB) 517.000 C) 520,000 D) 528,000 QUESTION 16 Jack holds an ownership interest of 6 and Teresa holds an ownership interest of 37% in the and Partnership. This year, in order to further rejection contributes an additional $3200 to the partnership. Which of the following a TRUE of this scenario AJ Either the total contribution of $10,000 or the contribution in relationship to the owner interest ratio will be recorded Bij Only the total contribution of $10,000 will be recorded individual contributions of 56300 by Jack and 53200 by Terese will be recorded D) 63% of Jack's contribution and 37 of Teresa's contribution will be recorded QUESTION 17 Which of the following is TRUE of a partnership balance sheet A) Unlike a corporation's balance sheet, it includes all income statement account information tecludes any current liabilities. Oltreports separate capital account for each partner Dj ir details the interest expenses of the business Annet

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