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Question: On July 1, Marianna contributed $8000, as well as property with an adjusted basis...

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Accounting

Question: On July 1, Marianna contributed $8000, as well as property with an adjusted basis of $10,500 and ... On July 1, Marianna contributed $8000, as well as property with an adjusted basis of $10,500 and a FMV of $12,500 for a 15% share of a partnership Joseys Gym. What is the basis? A. $8000 B. $10,500 C. $18,500 D. $20,500

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