Betty joins the partnership which is renamed bigb betty purchases an intrest in the partnership by paying George 85000 for half of his partnership intrest the partnership net assets are failry valued therefore no revaluation is done what are the 4 partners account after betty is admitted? Bill 20% income share ratio 70000 capital balance, INga 20% - 90000

George 60% -160000. Betty pays 85000 to george not the partnership George owns 50% (160000 of 320000) therefore if betty buys half of georges intrest she should end up with 25%.what are the balances in all 4 partners accounts?

A . Bill 70000 , Inga 90000 , george 80000, Betty 80000

B. Bill 70000 inga 90000 george 160000 betty 85000

C. bill 70000 inga 90000 george 80000 betty 85000

D . bill 70000 inga 90000 george 160000 betty 80000

Question2 = Betty purchsed an intrest in george paying 85000 for half his intrest. the partnership net assets are under valued therefore goodwill is to be recorded. what is the amount of goodwill and the balances in the partners capital accounts after betty is admitted

options

A. good will (85000)

B capital bill 70000, inga 90000 , george 80000 betty 80000 goodwill 0

C capital bill 70000 inga 90000 george 80000 betty 80000 goodwill 20000

D capital bill 74000 inga 94000 george 86000 betty 86000 good will 5000

capital bill 70000 inga 90000 gergoe 80000 betty 85000