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Fontaine and monroe are forming a partnership. fontaine invests a building that has a market value of $250,000; the partnership assumes responsibility for a $75,000 note secured by a mortgage on the property. monroe invests $100,000 in cash and equipment that has a market value of $55,000. for the partnership, the amounts recorded for the building and for fontaine's capital account are:
a. building $250,000; fontaine, capital $250,000.b. building $175,000; fontaine, capital $175,000.c. building $250,000; fontaine, capital $75,000.d. building $250,000; fontaine, capital $175,000.e. building $175,000; fontaine, capital $75,000
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