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Eagle and Falk are partners with capital balances of $45,000 and $25,000, respectively. They agree to admit Robb as a partner. After the assets of
Eagle and Falk are partners with capital balances of $45,000 and $25,000, respectively. They agree to admit Robb as a partner. After the assets of the partnership are revalued, Robb will have a 25 percent interest in capital and profits, for an investment of $30,000. What amount should be recorded as goodwill to the original partners? $0 $5,000 $7,500 $20,000
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