_____ When Dubke Retired from the Partnership of Dubke, Logan

Multiple Choice

_____ When Dubke retired from the partnership of Dubke, Logan, and Flaherty, the final settlement of Dubke's partnership interest exceeded Dubke's capital account balance. Under the bonus method, the excess

A) Was recorded as goodwill.
B) Was recorded as an expense.
C) Had no effect on the capital balances of Logan and Flaherty.
D) Reduced the capital balances of Logan and Flaherty.
E) None of the above.