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Advanced Financial Accounting. please provide an explanation. The two photos provided are the same photo. Donald and Haynes are partners in a partnership. Donald has

Advanced Financial Accounting.
please provide an explanation.
The two photos provided are the same photo.
image text in transcribed
image text in transcribed
Donald and Haynes are partners in a partnership. Donald has a 60% share, and his capital balance is $200,000. Haynes has a 40% share, and his capital balance is $100,000. They decide to admit May as a new partner. May will pay the partners a total of $100,000 for a 30% share. (6 points) 9. Using the book value method, what will each partner's capital balance be after admitting May to the partnership? Donald $140,000, Haynes $80,000, May $80,000 Donald $150,000, Haynes $75,000, May $75,000 Donald $180,000, Haynes $60,000, May $60,000 Some other combination. (6 points) 10. Using the goodwill method, what will each partner's capital balance be after admitting May to the partnership? Donald $195,000, Haynes $110,000, May S95,000 Donald $195,000, Haynes $105,000, May S100,000 Donald $180,000, Haynes $120,000, May S100,000 Some other combination Donald and Haynes are partners in a partnership. Donald has a 60% share, and his capital balance is $200,000. Haynes has a 40% share, and his capital balance is $100,000. They decide to admit May as a new partner. May will pay the partners a total of $100,000 for a 30% share. 9. Using the book value method, what will each partner's capital balance be after admitting May to the (6 points) partnership? Donald $140,000, Haynes $80,000, May $80,000 Donald $150,000, Haynes $75,000, May $75,000 Donald $180,000, Haynes $60,000, May $60,000 Some other combination. (6 points) 10. Using the goodwill method, what will each partner's capital balance be after admitting May to the partnership? Donald $195,000, Haynes $110,000, May 895,000 Donald S195,000, Haynes $105,000, May $100,000 Donald $180,000, Haynes $120,000, May $100,000 Some other combination

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