1) Assume that Mohammed paid OMR 12,000 for his share of goodwill in a partnership. If Mohammed, Ibrahim, Yusef and Ali are sharing profit and losses in the ratio 2:4:1:5 respectively, then Yusef share of Goodwill will be in OMR: M 12C1212000=2000 A) 3,000 B) 6,000 C) 72,000 D) None of the above 2) A and B are in partnership, sharing profits and losses equally. C is admitted as a new partner. The three partners will share profits and losses A one half, B and C one quarter each one of them. Total goodwill is valued at OMR90,000. Which of the following goodwill adjustments is/are correct regarding the admission of partner C : 3) X and Y are partners sharing profit and losses at 2/5 and 3/5 respectively. They decided to admit Z as new partner. The new partner decides to pay OMR 10,000 for his share of goodwill OMR 10,000 to the partnership. Which of the following accounting entries should be done in partnership books: A) Debit goodwill account by OMR 10,000 B) Credit Y capital account by OMR4,000 C) Debit Z capital account by OMR6,000 D) None of the above