Business, 10.09.2019 17:20 alliaespino

In the ad partnership, allen's capital is $140,000 and daniel's is $40,000 and they share income in a 3: 1 ratio, respectively. they decide to admit david to the partnership. each of the following questions is independent of the others.
refer to the information provided above. david invests $50,000 for a one-fifth interest. what amount of goodwill will be recorded?
a. $20,000
b. $4,000
c. $40,000
d. $15,000

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In the ad partnership, allen's capital is $140,000 and daniel's is $40,000 and they share income in...

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