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Homework answers / question archive / In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albers, Bert, and Connell, who share income in the ratio of 5:3:2 are:  Albert $500

In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albers, Bert, and Connell, who share income in the ratio of 5:3:2 are:  Albert $500

Accounting

In the ABC partnership (to which Daniel seeks admittance), the capital balances of Albers, Bert, and Connell, who share income in the ratio of 5:3:2 are: 
Albert $500.000 Bert 300.000 Conned 200.000 
Based on the preceding information, what amount of goodwill will be recorded if Daniel invests 3450,000 for a coe-third interest? A. $0 B. $10,000 C. $ 50,000 D. 1100.000 
 

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