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Each partner's initial noncash investment in the partnership should be recorded at the O a. fair value of the assets at the date the

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Each partner's initial noncash investment in the partnership should be recorded at the O a. fair value of the assets at the date the partnership begins operations. O b. carrying amount of the assets at the date of their transfer into the partnership. O c. fair value of the assets at the date of their transfer into the business. O d. original cost of the assets at the time they were purchased by the contributing partner.

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