alyssakim2873 alyssakim2873

23-12-2022
Business

Answered

hannah johnson contributed equipment, inventory, and $53,000 cash to a partnership. the equipment had a book value of $25,000 and a market value of $28,000. the inventory had a book value of $50,000 but only had a market value of $15,000 due to obsolescence. the partnership also assumed a $12,000 note payable owed by hannah that was originally used to purchase the equipment. what amount should be recorded to hannah's capital account? a.$96,000 b.$108,000 c.$84,000 d.$116,000

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