Use the following information to answer the following questions.

Steven contributed a building, inventory, and $65,000 cash to a partnership. The building had a book value of $250,000 and a market value of $275,000. The inventory had a book value of $40,000, and a market value of $28,000. The partnership also assumed a $170,000 mortgage note payable owed by Smith that was used originally to purchase the equipment. (Enter answers in whole numbers, no decimals, no currency sign; example 50,000).

a. What debit amount will be recorded to the inventory account? $

b. What debit amount will be recorded to building account? $

c. What credit amount will be recorded to Steven's capital account ? $

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?

Northern lights electronics just completed plans to distribute its new tablet. the product has several unique features that differentiate it from competitor products. the marketing team plans to begin a roll-out with to only one traditional retailer for the first two months. this strategy will give consumers the perception of the product’s stand-out personality and increase demand. marketing will proceed with for the next four months, where it plans to distribute to three other retailers, as well. for the last six months of the year, it will initiate distribution agreements with discount retailers and online retailers, and any other electronics store that wants to carry it. the marketing team is confident that the tablet will cycle through the first three stages of its product life cycle quickly. as the tablet reaches maturity during the second half of its first year in the market, it is good strategy to proceed with as described above. intensive distribution; selective distribution; exclusive distribution exclusive distribution; selective distribution; intensive distribution tertiary level distribution; secondary level distribution; mono-level distribution mono-level distribution; secondary level distribution; tertiary level distribution