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Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $89,000. However, the building carries a $47,000
Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $89,000. However, the building carries a $47,000 mortgage that will be assumed by the partnership. Smart is investing $38,000 cash. The balance of Maxwell's Capital account will be: O $51,000 O $89,000 O $47000 O $42,000 O $80,000
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