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Determine the amount recorded for fontaine capital account

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Question - Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $356,000 and a $128,000 note payable. Monroe invests $103,000 in cash and equipment that has a market value of $78,000. For the partnership, determine the amount recorded for Fontaine's Capital account?

Reference no: EM133122694

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