Brian and sandy are forming a partnership brian will invest, Financial Accounting

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Brian and sandy are forming a partnership brian will invest

Brian and Sandy are forming a partnership. Brian will invest a truck with a book value of $10,000 and a fair value of $14,000. Sandy will invest a building with a book value of $30,000 and a fair value of $42,000 with a mortgage of $15,000. What amount should be recorded in Brian's capital account?

$30,000

$27,000

$42,000

$14,000

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Financial Accounting: Brian and sandy are forming a partnership brian will invest

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Financial Accounting: Brian and sandy are forming a partnership brian will invest

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