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The amounts recorded for the building and for badgers

Badger and Fox are forming a partnership. Badger invests a building that has a market value of $350,000; the partnership assumes responsibility for a $125,000 note secured by a mortgage on the property. Fox invests $100,000 in cash and equipment that has a market value of $75,000. For the partnership, the amounts recorded for the building and for Badger's Capital account are

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Accounting Basics: The amounts recorded for the building and for badgers

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Accounting Basics: The amounts recorded for the building and for badgers

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