Bruce Chapman was admitted to the Adams & Bye Limited Liability Partnership on May 31, 2013, by an investment of $40,000 cash for a 20% interest in partnership net assets. Prior to the admission of Chapman, the capital accounts of Adams and Bye, who shared net income and losses equally, had balances of $70,000 and $30,000. respectively. The preferable accounting method for the admission of Chapman includes credits of: $6,000 each to the capital accounts of Adams and Bye $30,000 each to the capital accounts of Adams and Bye $28,000 and $ 12.000, respectively, to the capital accounts of Adams and Bye Some other amounts to the capital accounts of Adams and Bye On January 31, 2013. Amy Reid withdrew from Reid. Style & Todd LLP, whose partners had an income-sharing ratio of 40%. 35%. and 25%. respectively, for a cash payment of $121,000, despite Reid's having a capi account balance of $100,000 on that date. The preferable method of accounting for Reid's withdrawal includes; $12, 250 debit to Style, Capital $21,000 debit to Goodwill $52, 500 debit to Goodwill $5, 250 debit to Todd, Capital The partners of Ames, Brood. and Chan LLP had capital account balances of $75,000. $45,000, add $30,000, respectively, and shared net income and losses equally. For an investment of $75,000 cash, Dell was admitted to the partnership with a 25% interest in capital and net income. Based on this information, which of the following may justify the amount of investment? Dell received a bonus from Ames, Brood and Chan. Partnership net assets were overvalued immediately prior to Dell's admission to the partnership. The carrying amount of the partnership's net assets was less than their current fair value immediately prior to Dell's admission to the partnership. Dell apparently invested goodwill in the partnership. The partners of Wahl, Xavier, and Yapp LLP shared net income and losses in a 5:3:2 ratio, respectively. The capital account balances on April 30, 2013, were as follows: The carrying amounts of the assets and liabilities of the partnership were the same as their current fair values Saab was to be admitted to the partnership with a 20% capital interest and a 20% share of net income and losses in exchange for a cash investment. No goodwill or bonus was to be recognized. The amount of cash that Partner zap should invest in the partnership is: c $30,000 $36,000 $37, 500 S40,000 Some other amount