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28. Admission of new partner-Goodwill Method Assume that the partnership's balance sheet reflects Partner Capital of $300,000 and $360,000, respectively, for Partner A and Partner

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28. Admission of new partner-Goodwill Method Assume that the partnership's balance sheet reflects Partner Capital of $300,000 and $360,000, respectively, for Partner A and Partner B immediately prior to the admission of Partner C. Partner C is contributing $540,000 for a one-third ownership interest. Prepare the journal entry to admit Partner C using the Goodwill Method

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