A partner invests into a partnership a building with a $50,000 carrying value and $80,000 fair market value. The related mortgage payable of $25,000 is not assumed by the partnership. The entry to record the investment in partnership is:

A) Building 50,000 Capital 50,000
B) Building 80,000 Capital 80,000
C) Capital 80,000 Mortgage Payable 25,000Building 55,000
D) Building 80,000 Mortgage Payable 25,000Capital 55,000


B

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Fill in the blanks with correct word

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