a) Fiona is apparently bringing goodwill into the partnership and her capital account will be credited for the appropriate amount

b) Fiona will receive a bonus from the other partners upon his admission to the partnership

c)Assets of the partnership were overvalued immediately prior to Fiona's investment

d) The book value of the partnership's net assets was less than their fair value immediately prior to Fiona's investment

e) none of these answers are correct

Shrek, Donkey, and Muffin are partners with capital balances of $135,000, $90,000, and $60,000, respectively. The partners share profits and losses equally. For an investment of $95,000 cash, Fiona is to be admitted as a partner with a one-fourth interest in capital and profits. Based on this information, the amount of Fiona's investment can best be justified by which of the following? Shrek, Donkey, and Muffin are partners with capital balances of $135,000, $90,000, and $60,000, respectively. The partners share profits and losses equally. For an investment of $95,000 cash, Fiona is to be admitted as a partner with a one-fourth interest in capital and profits. Based on this information, the amount of Fiona's investment can best be justified by which of the following