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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. 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
please provide an explanation.
The two photos provided are the same photo.
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