7.	When a long-lived asset is contributed to a partnership by a partner, the entry will record the fair value of the asset and the accumulated depreciation which has accumulated on it.
	A) True B) False

8.	When accounts receivable are contributed to a partnership, they are valued at fair value.
	A) True B) False

9.	A profit allocation in a partnership may be allocated in a different ratio than a loss allocation.
	A) True B) False