Question
18. Jell and Dell were partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. Zell invests $900 for a
18. Jell and Dell were partners with capital balances of $600 and $800 and an income sharing ratio of
2:3. Zell invests $900 for a 30% interest in the partnership. What is the total amount of goodwill credited
to the original partners? A. $700.
B. $560.
C. $600.
D. $590.
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
