Rosen and Noble decide to organize a partnership. Rosen invests $15,000 cash, and Noble contributes $12,000 cash and equipment having a book value of $6,000. Choose the entry to record Noble's investment in the partnership assuming the equipment has a fair market value of $9,000.

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The Answer of Rosen and Noble decide to organize a partnership. Rosen invests $15,000 cash, and Noble contributes $12,000 cash and equipment having a book value of $6,000. Choose the entry to record Noble's investment in the partnership assuming the equipment has a fair market value of $9,000.

Rosen and Noble Decide to Organize a Partnership