J & K Are Forming a Partnership

question 35

Multiple Choice

J & K are forming a partnership.J is investing a building that has a market value of $80,000.However, the building carries a $45,000 mortgage that will be assumed by the partnership.K is investing $20,000 cash.The balance of J's capital is

• A)​$25,000
• B)​$35,000
• C)​$45,000
• D)​$125,000

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Definitions:

Tautology

A declaration that is inherently true due to its logical structure or necessity.

Disjunct

An element of a disjunction; a proposition or statement that forms part of an "or" statement in logic.

Tautology

A statement that is true by necessity or by virtue of its logical form, independent of the content of the proposition.

Negation

The operation that takes a proposition to its opposite in truth value, often denoted by "not."