4. By using (goodwill method) A and B are partners in a general partnership. They share the net income on a ratio of 3:2. Partner (C) is to be admitted to the partnership for the interest of 1/3 in the capital, and 50% of net income. the capital of Mr.A 50,000 and Mr. B 70,000 and c provide cash 6,000 and building 40,000 and Account Payable 8,000. the partner agree that the new capital will be 180,000 (5 Marks) 4. By using (goodwill method) A and B are partners in a general partnership. They share the net income on a ratio of 3:2. Partner (C) is to be admitted to the partnership for the interest of 1/3 in the capital, and 50% of net income. the capital of Mr.A 50,000 and Mr. B 70,000 and c provide cash 6,000 and building 40,000 and Account Payable 8,000. the partner agree that the new capital will be 180,000