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Harvey and Quick have decided to form a partnership. Harvey is going to contribute the following to the partnership: Note payable as a bank loan

Harvey and Quick have decided to form a partnership. Harvey is going to contribute the following to the partnership: Note payable as a bank loan for the new business $ 18,000 Equipment $ 45,000 Based on this information, Harvey's beginning equity balance in the partnership will be:

$45,000.

$27,000.

$0.

$18,000.

$63,000

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