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What the partner capital account will be credited for

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Problem 1: A partner invested into a partnership a building with a P250,000 carrying value and P400,000 fair market value. The related mortgage payable of P125,000 was assumed by the partnership. As a result of the investment, the partner's capital account will be credited for

A. P125,000?????            C. P275,000
B. P250,000            ?????D. P400,000

Reference no: EM132893460

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