9. How is the capital account balance of a new partner determined?

A. The partnership receives a contribution from a new partner.

B. The partnership determines the amount of contribution retained by current partners.

C. The partnership determines the amount of bonus paid to current partners or new partners.

D. all of the above

10. (True) or (False)? Upon the admission of a new partner, Tom, the existing partners of Derick and Harry will always receive an increase in their capital accounts due to goodwill recognition.

A. (True)

B. (False)