Assume that the capital of an existing partnership is $130,000 and that existing assets...
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Accounting
Assume that the capital of an existing partnership is $130,000 and that existing assets are overvalued by $10,000. If an incoming partner acquires a 25% interest in the partnership for $37,000, goodwill traceable to the incoming partner is:
$2,250.
$4,750.
$3,000.
$9,000.
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