Allen invests 20000 cash and anne invests land that, Ask an Expert

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Allen invests $20,000 cash and Anne invests land that originally cost $20,000 in their new partnership. The land is now worth $35,000. Which of the following is the balance in Anne's capital account?

A) $30,000

B) $35,000

C) $20,000

D) $25,000

E) None of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9435000

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