$47,850 $43,225 $43,816 $65,375 Question 10 1 pts cash, the partners will split all profits 50/50. The balance of J's capital is $35,000 $25,000 $45,000 $125,000 Question 11 1 pts When a new partnership is formed and Goodwill is recognized what should follow: Re-evaluation of assets and liabilities Nothing Distribution of cash Increase all partners accounts Question 12 1 pts a partnership that arose before their admission except: Obligations can only be satisfied out of partnership assets and not the personal assets of the new partner. Personal assets of the new partners Personal obligations of the previous partners Non personal assets of all existing partners