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Juan contributes marketable securities to a partnership. The book value of the securities is $\$ 7,000$ and they have a current market value of $\$ 10,000 .$ What amount should the partnership record in juan's Capital account due to this contribution?A. $\$ 10,000$B. $\$ 7,000$C. $\$ 3,000$D. none of the above

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Chapter 15

Partnership Accounting

Section 2

Describe How a Partnership Is Created, Including the Associated Journal Entries

Firm Behavior and the Organization of Industry

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Okay. So people like Mr I didn't see negative. Yeah, it is the maybe you think it's allows the customer Cooper jays the set. Jay's the sex in installed base subject. Don't teaming being made. You mean shit. Okay, so be very day. Our example. Okay. However, I always write the combination off any concept. Okay, So you can refer the you can defend the concert for future reference. Okay? And for your back, a revision on So So now you think that's understand? Digs up. Let's suppose, Mr B. Yeah, he's a very good person is willing to buy a house. Okay, is very cool. Buy a house, which is No, he goes to the bank. So how's Waas work off? Let's see $100,000. So Banks said how much gas you have in your hand or your bank deposits? So, Mr E Mr Research, I I do have one 10,000. So banks that okay, they will give you night $90,000. Okay, eyes and you. Okay. It means that if bank will be $90,000 to mystery, then bank bank will be able to recover $90,000 from history Also. So now that is, after that production, Mr A will become that. Oh, 90% that this 90,000 because 10% has been financed with only quickie off mystery. Okay, $10,000 been history percent over $100,000 and remaining 90% has been financed by bank. So bank will recover that. Come on from mystery. Okay, Mr Become that That off? Nine people saying off. But the house. Okay, so that is work the situation in bickering piece. So Louisville computing that amount of bickering is as we have $35,000 then 10% has been made as downstream it. Okay, so we have who paid nine d person with the tire of it. Okay, so the car dealer. So what? We have 31 $500. Okay, So what is that back matches with? Choice it. Okay, so this is the any truth. This is the final lots of however, before that, you need to understand the whole concept of financing agreement bordered by that, please understand the example that moved with them in solution. Okay. Otherwise, what will happen? You will get confused. So still other characteristic choices, that sort of ascension

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