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Question 19 2 pts When a partnership is formed assets contributed by the partners should be recorded on the partnership books at their Fair mall

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Question 19 2 pts When a partnership is formed assets contributed by the partners should be recorded on the partnership books at their Fair mall value at the time of the contribution assessed values for Dropy ornal costs to the parts obtire them book values on the pr o ces prior to the being contributed to the partnership Question 20 2 pts Carls and Eliza share in connequally. For the current year, the partnership net $40.000. Carls made withdrawals of $12.000, and Eliza made withdrawals of $21.000. At the beginning of the year, the capital account balances were alla Capital: $42000; Eliza. Capital 555,000. Ellza's capital account balance at the end of the years

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