_____ When a Person Is Being Admitted into a Partnership

Multiple Choice

_____ When a person is being admitted into a partnership and recording the goodwill method has been selected,

A) An entry is made solely within the capital accounts.
B) No entries are made in the partnership's books.
C) A credit is made only to the new partner's capital account.
D) A credit is made only to the old partner's capital account.
E) None of the above.