Bill stewart contributes land valued at $10,000 and a building valued at $70,000 to form a partnership. the partnership also will pay the $50,000 mortgage payable on the building that bill contributes. bill stewart, capital should be credited for what amount to record his investment in the partnership?
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Bill stewart contributes land valued at $10,000 and a building valued at $70,000 to form a partnersh...
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