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jaylan and cas and Casper are equal partners in J&C Raccoon Hats. Jaylan contributed $12000 and Casper contributed inventory with FMV of $12000 and an
jaylan and cas and Casper are equal partners in J&C Raccoon Hats. Jaylan contributed $12000 and Casper contributed inventory with FMV of $12000 and an adjusted of $10000. Which of the following is true? a-Jaylan's basis in the partnership is 12,000 and Casper's is $10000 b--Jaylan and Casper each have a basis in the partnership of $12000 c-Jaylan will have a large share of the profits than Casper d-The first and third answers are both correct
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