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Mary Cox entered into a partnership and transferred assets and liabilities from her prior business over to the partnership comprised of the following Cash Notes

Mary Cox entered into a partnership and transferred assets and liabilities from her prior business over to the partnership comprised of the following Cash Notes Payable Inventory Original cost Current market value $10,000 $2.000 $12.000 $8,000 On the partnership books, the assets and liabilities will be recorded at a combined net value of OA. $32,000 OB. $20,000 OC. $16.000 OD. $22.000 CTT

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