Collins and Farina Are Forming a Partnership

question 50

Multiple Choice

Collins and Farina are forming a partnership.Collins is investing a building that has a market value of $80,000 and a book value of $65,000.However,the building carries a $56,000 mortgage that will be assumed by the partnership.Farina is investing $20,000 cash.Total capital in the partnership will be:

• A)$80,000
• B)$24,000
• C)$56,000
• D)$44,000
• E)$60,000

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Definitions:

Moebius Syndrome

A rare neurological disorder characterized by paralysis of the facial muscles and lack of eye movement.

Environmental Influences

External factors that affect an individual's development, behavior, and lifestyle choices.

Genetic Similarities

The degree to which the genetic makeup of an individual or group of individuals resembles that of another individual or group, often used in the study of heredity and inherited traits.

Facial Expressions

Visible manifestations of emotions, thoughts, or intentions, shown through movements of the facial muscles.