Accountancy, asked by sathyayb, 1 month ago

Kia and Jimmy are forming a partnership to develop a water park. Kia
contributes cash of $300,000 and land with the current value of $10,500,000.
The partnership will assume Notes payable of $350,000 on the land. Jimmy
contributes cash of $5,000,000 and equipment of market value $5,500,000.

Answers

Answered by kishlayk067

0

Answer:

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Explanation:

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