youssefharaty99 youssefharaty99

11-12-2020
Business

contestada

When a partner invests noncash assets in a partnership, the assets are recorded at the partner’s book value

Respuesta :

Tundexi Tundexi

16-12-2020

Answer:

False

Explanation:

When a partner invests noncash assets in a partnership, the assets are recorded at the partner’s book value is incorrect and false.

Assets are to be recorder at their fair value whenever a partner invests non cash assets in a partnership. The practice is assets brought by partners into firm are always recorded at fair value not book value.

Answer Link

Otras preguntas

The continental divide

Which of the four lines differs from the other three?

A 0,2 kg ball is whirled at constant angular velocity in a vertical circle at the end of a 1.25m long string. If the maximum tension the string can stand is 6N,

Which amendment is when senators are elected by popular votes

Who believed the role of the government is to protect all rights of society? A. John Locke B. Jean-Jacques Rousseau C. Charles Montesquieu de D. Thomas Hobbes

The many hot peppers that grow in Mexico the blood of the heroes who died fighting for Mexico's independence the democratic power that lies in the hands of the

Find the value of x.

Which sentence best shows correct comma usage? Mexico has a lot in common with the United States, the country to its north. Mexico, has a lot in common, with th

You have 120 feet of fencing for a garden. The fencing is sold in 5-foot sections. What is the area of the largest garden you can build?

Who was chosen by god to take the Jewish people to Canaan