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XCO Remaining Time: 1 hour, 22 minutes, 16 seconds. Question Completion Status: 1.39 QUESTION 36 2 points Brekke and Fig decide to organize a partnership
XCO Remaining Time: 1 hour, 22 minutes, 16 seconds. Question Completion Status: 1.39 QUESTION 36 2 points Brekke and Fig decide to organize a partnership Brekke invests 530 000 cash and Fig contributes 524.000 cash and equipment having a book value of S12.000 Choose the entry to record Fig's investment in the partnership assuming the equipment has a fair value of $18.000 Equipment 12.000 Fig. Capital 12,000 Cash 24,000 Fig. Capital 24,000 Cash Equipment Fig. Capital 24,000 12,000 36,000 Cash Equipment Fig Capital 24,000 18,000 42,000 QUESTION 37 2 points Which one of the following would be considered a disadvantage of the corporate form of organization? Senarai Innal axinanca
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