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43. A partner invested into a partnership a building with a P2,500,000 carrying value and P4,000,000 fair market value. The related mortgage payable of P1,250,000

43. A partner invested into a partnership a building with a P2,500,000 carrying value and P4,000,000 fair market value. The related mortgage payable of P1,250,000 was assumed by the partnership. As a ...

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