In the jk partnership, jacob's capital is $140,000, and katy's is $40,000. they share income in a 3: 2 ratio, respectively. they decide to admit erin to the partnership. each of the following questions is independent of the others.
refer to the information provided above. erin invests $52,000 for a one-fifth interest. what amount of goodwill will be recorded?
a. $7,000
b. $28,000
c. $50,000
d. $80,000
Answers: 1
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In the jk partnership, jacob's capital is $140,000, and katy's is $40,000. they share income in a 3:...
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