When accounts receivable are contributed to a partnership, they are valued at their expected realizable value.

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When accounts receivable are contributed to a partnership, they are typically valued at their expected realizable value, which is the amount the partnership anticipates it will actually collect, after considering potential uncollectible accounts. This approach ensures that the partnership's balance sheet reflects a more accurate picture of the assets' value.

When Accounts Receivable Are Contributed to a Partnership, They Are