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In IAB Co., capital balances are Mohd $50,000 and Hani $70,000. The partners share income equally. Ziad is admitted to the firm with a 40%

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"In IAB Co., capital balances are Mohd $50,000 and Hani $70,000. The partners share income equally. Ziad is admitted to the firm with a 40% interest by an investment of cash of $80,000.according to the Goodwill method, Hani s capital balance after recording the admission of Ziad is" 68000 80000 50000 70000

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