Question 10 Not yet answered Marked out of 1.00 P Flag question Admission of new...
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Question 10 Not yet answered Marked out of 1.00 P Flag question Admission of new partner- Goodwill Method Partners A and B are partners with capital balances of $117,000 and $65,000, respectively. They agree to admit Partner C as a partner with a 25% interest upon payment of $78,000. Assuming that the partners wish to recognize an intangible asset, what amount of goodwill should be reported? Select one: 0 a. $13,000 O b. $19,500 O C. $52,000 O d. $78,000 Admission of new partner - Bonus Method Partners A and B are partners with capital balances of $117,000 and $65,000, respectively. They agree to admit Partner C as a partner with a 25% interest upon payment of $78,000. Assume that the partners do not wish to recognize an intangible asset. What total amount should be recorded as a bonus to Partners A and B? Select one: O a. $13,000 O b. $19,500 O C. $52,000 O d. $78,000
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