1. When the newly admitted partner contributes goodwill, the value of that goodwill will be estimated based on the fair value of the ________ partnership and the percentage of the original partners interest in the ________ partnerships capital.

a. original, new

b. original, original

2. A schedule of safe payments is prepared under the assumption that ________.

a. any remaining non-cash assets are worthless.

b. partners who have deficit capital balances will only be able to partially settle their deficits.