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In the ABC Partnership (To Which Daniel Seeks Admittance),the Capital

Question 61

Multiple Choice

In the ABC partnership (to which Daniel seeks admittance) ,the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are:
In the ABC partnership (to which Daniel seeks admittance) ,the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are: -Based on the preceding information,what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest? A) $0 B) $10,000 C) $50,000 D) $100,000
-Based on the preceding information,what amount of goodwill will be recorded if Daniel invests $450,000 for a one-third interest?


A) $0
B) $10,000
C) $50,000
D) $100,000

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