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David, Oscar, and Susan have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 30%, 30% and 40% respectively.

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David, Oscar, and Susan have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 30%, 30% and 40% respectively. Consider the following five independent transactions: the bonus method is used, what is the capital balance of Susan? Answer: b. Oscar retires and is paid $80,000 based on an independent appraisal of the business. If the goodwill method is used, what is the capital balance of Susan? Answer c. The three partners agree to admit George for a 20% interest, George contributes $40,000 to the partnership. If the bonus method is used, what is the capital balance of Susan? Answer d The three partners agree to admit George for a 20% interest George contributes $25,000 to the partnership. If the bonus method is used, what is the capital balance of Susan? Answer The three partners agree to admit George for a 25% interest. George contributes $30,000 to the partnership. If the goodwill method is used, what is the goodwill being recorded? e

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